Why is the stock market rallying when the economy is so bad?

Re:Why is the stock market rallying when the economy is so bad? by ollifi on Sunday May 10, 2020 @11:07PM (#23138540)

Interesting numbers. Where are the spending per GDP from? IMF numbers in Wikipedia put US spending at 35%.

Also should comparing the spending numbers take into account that healthcare, schools and universities are paid by government spending in the Nordics and not from household income?

Honest questions, I'm really interested in these differences between systems.

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Re:Why is the stock market rallying when the economy is so bad? by marcusverus on Monday May 11, 2020 @07:36AM (#23141018)

Ah, I forgot to add the citation on that line. The spending numbers come from the CIA World Factbook site, [0] above.

Your number likely includes State, Regional, and Local spending (which was presumably excluded for all nations in my numbers).

Even with the 33% figure, for the US to make up the ~15% difference would require ~3 Trillion in annual spending.

The existence of Social Healthcare programs in those countries is a huge chunk of the difference, I'm sure.

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