Bill O'Connor wrote: > This is my understanding, and the reason for the ghoulish rise in stock > prices when unemployment goes up.
It's a mistake to presume that stock prices always go up with unemployment. I'd bet that if the US unemployment rate for June came in at 10.5% this year, stocks would collapse. While high U helps the production of profits (by motivating work & depressing wages) it also hurts the realization of them as money (since it goes along with depressed sales revenues). -- Jim Devine / "Segui il tuo corso, e lascia dir le genti." (Go your own way and let people talk.) -- Karl, paraphrasing Dante. _______________________________________________ pen-l mailing list [email protected] https://lists.csuchico.edu/mailman/listinfo/pen-l
