The last time this happened, voters didn’t credit Bill Clinton. That may be a bad omen, or a good one.
If the stock market chose presidents, Joe Biden would be a shoo-in for reelection in 2024. The market rallied this month amid growing optimism about the economy, with the S&P 500 zooming 1.9 percent Tuesday on news that the consumer price index rose only 3.2 percent in October (compared to 3.7 percent in September). Stocks rallied again Wednesday on news that the producer price index fell 0.5 percent. Commentators are no longer debating whether the economy will experience a “soft landing” (i.e., a reduction in inflation without recession). The only question now is when it will arrive. The S&P 500 seems to have decided it’s already here.
But the stock market doesn’t choose presidents. Voters do, and polls continue to show they think the economy is in terrible shape. A Financial Times–Michigan Ross Nationwide Survey conducted November 2–7 is absolutely brutal on this point.
This is dumbass level name calling.
The rich have continually asked the middle and working class to surrender everything over the past 40 years in the name of “economy” and continue to rob them blind.
Wake the fuck up.
God will not reward you in the future for your pittance, even if his name is “economy”.
Most of us out here are one traffic accident or slip and fall from complete financial ruin and it’s absolute bullshit.
But according to the article, there’s no evidence that this means anything is wrong with the economy…