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Current stock market performance is not a very good predictor of future economic health. They're almost always highest right before crisis, so trying to prognos
by mark_edward 10y ago
Current stock market performance is not a very good predictor of future economic health. They're almost always highest right before crisis, so trying to prognosticate based on like DJIA is tough game. You fail either by insisting that there's a bubble about to pop any day now for 5 years or by insisting that everything is fine because there are record highs and steady growth for years. I'd look more at business investment, particularly in greenfield projects, but I'm not an economist.