Episode 226: The Stock Market vs. The Real Economy?
Apr 15 2025
Length: 16 mins
Podcast

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Episode 226: The Stock Market vs. The Real Economy?

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Summary
David talks about all the things that are right in the dichotomy between the “stock market” and the “real economy,” but then goes into all the things that are wrong – namely, that 99% of the time someone is making this distinction, they are doing it wrong, for the wrong reasons, in the wrong way. Understanding what public equity prices measure versus what broad economic data measures is a good thing, but pitting capital against labor is called “Marxism” – and it can be deadly wrong.

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