Why, when millions are out of work and unemployment is climbing, zero or negative interest rates mean retirees have stopped spending, Covid-19 has wrecked international and domestic demand and resulting GDP is in double digit collapse, are stock-markets on a seemingly inexorable the rise? What special protection do investors have that the rest of us lack?
In a New York Times op-ed article, the Nobel-winning economist Paul Krugman explained what’s driving the “disconnect between rising stocks and growing misery. … Read more