The stock market wealth is an illusion. VASTLY overinflated value.
“The stock market wealth is an illusion. VASTLY overinflated value.”
Even worse, the relationship between the stock market’s performance and the standard of living for Americans has changed drastically. Today the best way to drive up a stock’s value is to lay off thousands of American workers and replace them with Asian coolies (or machines). Any news of layoffs in the US is followed by an increase in stock price.