Listen: The Stock Market Is ... Up?
Why Wall Street’s doing great while everything else isn’t
Everything is canceled. Unemployment is at Great Depression levels. More than 130,000 Americans are dead. So why is the stock market doing so well?
The staff writer Derek Thompson joins James Hamblin and Katherine Wells on the podcast Social Distance to explain why Wall Street seems divorced from reality.
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What follows is an edited and condensed transcript of their conversation.
Katherine Wells: I’m going to read you this headline from last week: “U.S. Stocks Cap Best Quarter in.” I feel like there’s something missing here.
