Paul Krugman
No matter how many times we keep on saying the stock market is not the economy, people won’t believe it, but it isn’t. The stock market is about one piece of the economy — corporate profits — and it’s not even about the current or near-future level of corporate profits, it’s about corporate profits over a somewhat longish horizon.
Content: Quotation | Author: Paul Krugman | Source: “Vox” | Subject: Economics