[lbo-talk] Dow Reaches Record High, Spurred by Fed and Profits

Jordan Hayes jmhayes at j-o-r-d-a-n.com
Tue Mar 5 11:26:03 PST 2013


Robert Reich addresses this today as well:

http://robertreich.org/post/44639598939

Today the Dow Jones Industrial Average rose above 14,270

- completely erasing its 54 percent loss between 2007 and 2009.

The stock market is basically back to where it was in 2000,

while corporate earnings have doubled since then.

Yet the real median wage is now 8 percent below what it was in 2000,

and unemployment remains sky-high.

Why is the stock market doing so well, while most Americans are

doing so poorly? Four reasons:

[...]

/jordan



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