Why the stock market is divorced from the pain of a pandemic economy

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For many Americans, the pandemic-induced financial crisis has brought an onslaught of economic pain not seen since the Great Depression.

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A banner against evictions is displayed on a rent-controlled building in Washington, Aug. 9, 2020."The people who benefit from it the most are people of upper class," Goldstein said."Generally, people who are poor and not earning as much, they don't have the exposure to the stock market. There are all sorts of studies over the years on inequality and the stock market, but, in general, the poorer you are, the less likely you are to be exposed to these gains in the stock market.

Historically, Sonders told ABC News, markets peak before economies peak, and markets crash before economies crash. "The two obviously reflect one another over the long term, but just because the stock market is either going up or down is not at the same time an automatic reflection of what the economy is doing," she added."There's not always a lot of correlation between the two at a given moment in time."A key reason markets have climbed, Goldstein and Sonders agreed, is because the Federal Reserve took dramatic steps to maintain liquidity.

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And yet the first stimulous checks went to purchase video games and new tv s for many of them. Does anyone understand self sufficiency any more?

Because you aren’t influencing the stock market. You are influencing the people.

Not quite that bad. No one had stimulus or unemployment checks back then.

Because the stock market is a casino, a place of shadows and rumour and lies run by carnival barkers who believe like PT Barnum, there is one born every minute.

2021 United States Of America Stock Market. Investigations. Insider trading. Money hanky-panky. Decades. Decades. Decades. Decades. Decades. Delisting before end of 2021?

All for a bad flu season. Reprehensible.

Voting ballots could be dropped off at a 'Drive-thru.' Every town has a bank they could be dropped, a poll worker collecting, then escort to the polling place. OR booth set up outside the polling places for people to drive-thru and hand to the poll worker at the polls.

I am old and my immune system compromised. No problems in my life. This is democrats using fear to take the white house.

No shit Sherlock!

its a self-inflicted 'depression' that America is recovering from faster than anyone imagined.

I know!!! I lost my stripper Money when the unemployment stopped coming in 😭😭

MSM 👇🏽

Sucks when the government FORCES businesses closed. Unlike the Great Depression

Which the democrats are dead set to worsen.

Haha America is about to BURN as Les Miserables EvictionClass get desperate all because capitalism at all costs. She's gonna get warm

Don’t forget about the being locked up part. You know, where nobody has any contact with each other

Besides the Great Depression America’s longest period of economic contraction was during the 8 year Obama/Biden years. ObamaBinBiden

Large companies in the market are not divorced from the Pandemic since they are STILL employing people. Congress and wealthy Politicians like Pelosi are divorced because they fail to see the plight of a small business trying to get through the same crisis. THAT is the problem.

So it was the pandemic that induced the financial crisis? Thank goodness someone is quitting blaming Trump for the crisis which started as a result of the pandemic.

Media induced fear mongering and constant pessimism, you mean.

Oh I think the stock market will feel it this Christmas. I don't see the big rush or huge profits this year like years past.

So true. This is the only developed country that has not contain the coronavirus due to the current administration. We need to vote blue straight up and down the ballot in November. We need to safeguard our democracy and our country. We need to restore our health/economy.

The pandemic did not cause the financial crisis The government reaction did This is the propaganda they want you to believe So you don’t blame this crazy reaction to a virus on ‘them’ Don’t buy the lies Quit being fooled

Plandemic DemPanic

Basically, after the great depression, the system was redesigned to protect the high-level stockholders in the case of another great depression. They're functionally living in a different economy from the rest of the nation.

Great depression is when nwo criminalized US5🌟 Hemp & weed products job markets to steal his farming land & raise humans in their nwo as cattle

While the coup sits and does nothing...

ChinaLiedPeopleDied ChinaMustPay

TrumpVirus

*democrat-induced financial crisis Fixed it

A truth finally brought out into the glaring light of day by the Pandemic: The stock market is not a measure of the country's economy. It reflects how the upper class is playing with all it's money. Has nothing to so with rest of us.

There are so many, so many Americans that the pandemic made them so much money. They can fill their whole bedroom with it , up to the ceiling. Maybe even the whole house.

Just need to watch another show.

The hole POTUS Trump has put us all in is fairly deep. The current unemployment rate in double digits and if anything it's an underestimated. That’s a very very bad state for the labor market to be in. It’s worse in fact than at any point during the Great Recession. VoteHimOut

GeneralStrike 2020

While Dems ignore and instead hyperventilate about the post office they haven’t noticed for a decade!!

Hello, do you need any kinds of logo design for represent your brand? Please visit this link and Fulfill your requirements- You will get good work at an affordable price to me.I can make any kinds of (Logo, Business card, Flyer, Banner, poster) etc.

The China Pandemic.

Blame China. ChinaLiedPeopleDie

No shit

Release the lockdown. Hydroxychloroquine works.

Out of work due to pandemic? Thank a Democrat.

Things will get better under President

I genuinely think it will eventually be worse than the Great Depression, if it already isn’t

ABC BS

Bull. Tell me about 2008

And all the bonuses for extra unemployment has most likely lead to protesters having time to take to the streets. Defund protesters benefits if involved in violence against police, destroying property, other illegal activities. If you take their unemployment away.

The fuck you think JesseKellyDC been saying since March? You still have dipshits pushing for a second lockdown.

And MoscowMitchMcConnell decides to take a holiday!

Are you better off than you were four years ago? By all objective measures, our nation is in far worse shape now than it was before tRump took office, and we should be exhausted from the endless lies, drama and hypocrisy.

CHAZ doesn't count as a shantytown

Many Americans didn't get checks and unemployment. Everytime you interact with an 'essential' worker show some empathy. They got screwed.

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