Ho hum, another record stock market high in a terrible economy
by David Atkins
More record highs for the stock market today, boosted by record corporate profits. This, even as many major economists are talking about a permanent mild depression economy.
This is very confusing to conservatives. They don’t understand how it’s possible for corporations and rich people to be doing so well, and yet the real economy remains so bad. Progressives are not confused. It just means everything conservatives believe about the economy and growth are dead wrong.
In a normal and sane world, the evidence might lead people to question whether giving all the money to rich people and boosting asset values at all cost might not be the best policy to help the economy.
But then, we don’t live in a normal or sane world.
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