Not a new idea about economic distortions but one that is nicely and concisely stated.
Check out The perversity of markets when bad news is good (Pitts: CBC News: July 17 2013).
But here is the difficult question: What kind of distorted system have we created when the stock market has become a hedging mechanism against a country’s general economic well-being? It’s as if the markets had been created as a derivative constructed to make money from a weakening economy. And make no mistake, there are huge fortunes – almost every penny invested in stocks – gambled on this derivative. And that kind of money has power.
What economic projections do you put stock in? Whatever they may be, there’s a need for a whole heap of paying attention to advance notices.