Reasons to not trust the stock market as a barrier of the state of the economy:
1) This.
Discussing something to stimulate the economy causes the stock market to crash further because the economy "might" be worse. That's stupid, since the crashing stock market makes the economy worse. A reactionary response that loses people millions simply because the government is talking about ways to make the economy better is at minimum counterproductive, and at maximum doomed to failure.
Tuesday, July 7, 2009
Dow Ends Lower Due to Talks of Possible Stimulus
Posted by Librocrat at 3:30 PM
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