Well, the market is nearly reaching highs again. Surely the recession fears over the past months were unfounded. But, wait. What’s this?
“The stock market isn’t the economy. The economy is production and jobs, and there are shortfalls in virtually every sector of the economy,” Yellen said in an interview with The Washington Post.
Yellen… Yellen… oh, Janet Yellen, former Fed Chair. Yeah, she may be on to something.
So, where fiscally policy from Washington May be a while coming, there are those still suffering in this country. And where wealth may be accruing for those with substantial stock portfolios, the nearly 30 million people out of work (predominant low-wage workers) will just have to stick it out.