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> Despite the stock market hitting all-time highs, consumer confidence is low This isn't that surprising. Stock prices are pretty well disconnected from real d
by JohnFen 1y ago
> Despite the stock market hitting all-time highs, consumer confidence is low
This isn't that surprising. Stock prices are pretty well disconnected from real day-to-day economics that normal people deal with.
- gruez 1y ago>Stock prices are pretty well disconnected from real day-to-day economics that normal people deal with. No, something happened post covid. Previously you could predict consumer sentiment pretty well by combining several economic figures, but after covid that model broke. https://www.econlib.org/why-so-sad/ https://www.econlib.org/why-so-sad/
- JohnFen 1y agoBut stock price alone has never been a strong signal about consumer sentiment, pre-covid or post. It's a strong signal about investor sentiment, but the things that are good for stock prices have always been very different from the things that are good for regular people.
- deleted 1y ago[deleted]