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Stocks are a bad estimator of the current economy, they’re a good estimator for the general expectations for the future economy.
by xondono 6y ago
Stocks are a bad estimator of the current economy, they’re a good estimator for the general expectations for the future economy.
- leafboi 6y agoNot true. If no one has capital to invest then less people will buy stocks even if expectations are high. The price of stocks also reflect the current spending power of actors in the economy.