Showing posts with label asset prices vs. real economy. Show all posts
Showing posts with label asset prices vs. real economy. Show all posts

Jul 9, 2014

Joseph Stiglitz on how asset inflation does not translate into real economic growth

There very strong stock market prices are, in a sense, a symptom of the weak economy, not a symptom that we are about to have a strong recovery to our real economy.

~ Joseph Stiglitz, as appeared on CNBC, July 7, 2014