If the stock market was a real indicator of economic health, there would be a crash! Inflation is not temporary and is running at about 15%. Masses of workers are either striking or refusing new jobs. Covid cases don’t exactly encourage consumer spending and supply chain disruptions will, no doubt, affect product availability for Christmas. But the stock market is not about workers, goods and services. It’s about betting on financial instruments. The stock market drop on Friday was not based on the prospects of more workers getting sick, but on fears that the Yankee state may disrupt casino capitalism by imposing a lockdown.
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