By Kim Iskyan
WALL
STREET NECT
As recently stated on Bloomberg... The market is not the economy. Its job is to tabulate investors’ consensus view about the future of publicly traded companies. It pays no attention to private businesses or government or other important parts of the economy.
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The S&P 500 Index is up 72% since March 2020. Last year, America’s gross domestic product (“GDP”) shrank by around 3.5%, the most since World War II. And a net total of around 10 million Americans lost their jobs during the year.
American Consequences
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