Ep. 44 Booming Stock Market Indicates Bad Times, Says Krugman
Is a rising stock market an indication of economic health? Not necessarily, says Krugman, and on that he’s of course correct. But what accounts for rising stock prices today? He says a lack of alternative options for investors — another way of saying the economy stinks, even though he devotes half his columns to defenses of Obama.
“Bull Market Blues” (July 15, 2016)
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“The Social Function of Stock Speculators,” by Bob Murphy
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