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 Joof on Sunday May 10, 2020 @11:17PM (#23138593)

Okay, but are they worse off because they can't afford as much stuff? They don't seem to be in more poverty, they're healthier, more fit and highly educated.

I can spend an extra 20k as well or poorly as I like.

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Re:Why is the stock market rallying when the economy is so bad? by marcusverus on Monday May 11, 2020 @11:19AM (#23143078)

That 'extra 20K' of income is easy to sneeze at for the affluent, but it means that Americans have ~40% more disposable income. That's huge.

> They don't seem to be in more poverty

They're clearly not 'more in poverty'. The point is that they spend (the US equivalent) of Trillions of dollars per year for comparable outcomes.

>They're healthier, more fit and highly educated.

This is a matter of culture, not economics. The US already spends more per pupil than all of the 'top 5' nations, with worse outcomes. [0]

[0]https://data.oecd.org/eduresource/education-spending.htm

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Re:Why is the stock market rallying when the economy is so bad? by Joof on Tuesday May 12, 2020 @09:27PM (#23162386)

Suppose that higher incomes are also a matter of culture.

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