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5min chapter
Night School, Class 5: How to read the markets
Behind the Money
The Stock Market and the Real Economy
There's been a lot of conversation about whether the stock market is still a good baronber for the real economy. The size of the stock market relative to corporates more generally has gotten smaller. A lot of companies do just stay private, so it's difficult for traditional investors to kind of get a slice of that. As the markets go up, your average retail investor, your average punter sees their wealth go up and that gets them to be willing to spend - which juices the US economy.
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