It's funny people still say this. The two are very much linked, as many millions of Americans have a large percentage of their net worth tied up in stocks via their 401Ks. Market tanks, net worth tanks, there's far less assets for people to borrow against, psychology changes, people stop spending, companies stop hiring, economy is now following the market.
It's funny people still say this. The two are very much linked, as many millions of Americans have a large percentage of their net worth tied up in stocks via their 401Ks. Market tanks, net worth tanks, there's far less assets for people to borrow against, psychology changes, people stop spending, companies stop hiring, economy is now following the market.