“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.
It is not “necessary.”
Government should be reducing its outlays for its overspending and false inflation of markets, rather than having now unemployed people bear that burden.