This is perverted when the stock market goes up, because unemployment goes up.
Because FED is likely to reduce rate increases with rising unemployment. Wall Street, unlike churches, is not a charity outfit. If rates moderate, it helps bottom lines of corporations.
“This is perverted when the stock market goes up, because unemployment goes up.”
No, it’s not, it’s the best news this week. A jobless rate below full employment stokes inflation which means more rate hikes for longer and more suffering for everyone. Cleaning up a mess this big requires a little temporary bloodletting.
We’ve all been well-informed for a long time this would be necessary.