If Liz were Queen

Once again Dean Baker makes an excellent point.

“Anyone who bases their expectations for the economy on the stock market has no idea what the economy will do. As should be apparent at this point, the stock market can often be driven by irrational exuberance.  Remember, it was almost three times as high in 2009 dollars back in 2000 as it is today. Did that make sense? Obviously if it can be driven by irrational exuberance it can also be driven by irrational pessimism. There is no obvious reason to believe that the market has suddenly become a better judge of the economy’s prospects now than it had been in times past.”  SOURCE

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Will people, and our Senate in particular, ever  stop being led around by Wall Street shysters like castrated bulls with rings in their noses?  I hope so, but the prospects for it look dimmer by the minute.