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> it’s unfair that the stock market is used to decide how good the economy is But the stock market swings in response to economic reports like unemployment rat
by tedunangst 8y ago
> it’s unfair that the stock market is used to decide how good the economy is
But the stock market swings in response to economic reports like unemployment rate. The government doesn't report unemployment based on stock prices.
- Latteland 8y agoThere's a bit of a feedback cycle :-). If stock prices fall, then they fall more usually. Then that can hurt the economy for real, instead of just the stock market part.