The stock market and economy are two different things.
About this quote
- What does it mean?
- Stock market performance does not always reflect the broader economic health.
- In plain terms
- The stock market and the economy are not the same.
- What can you take from it?
- Don't assume stock market gains equal economic health.
Where it applies
Putting it to work
Questions to consider
- How do you measure real economic health?
- Does the market reflect reality?
Another view
Markets often do correlate with economy over long terms.
More from Milton Friedman
Only a crisis, real or perceived, produces real change. When that crisis occurs, the actions that are taken depend on the ideas that are lying around. That, I …
Permalink to quote #48 I'm in favor of legalizing drugs. According to my values system, if people want to kill themselves, they have every right to do so. Most of the harm that comes…
Permalink to quote #50 Corruption is government intrusion into market efficiencies in the form of regulations.
Permalink to quote #47
Related quotes
'...new nuclear plants are simply unfinanceable in the private capital market, and the technology will continue to die of an incurable attack of market forces-…
Amory LovinsAmory Lovins quote #3 I still think we're heading higher. The long-term types like me should sit tight. I don't really see any major problems. The only thing I don't like, of course…
Jack BakerJack Baker quote #5 Everything predicted by the enemies of banks, in the beginning, is now coming to pass. We are to be ruined now by the deluge of bank paper. It is cruel that su…
Thomas JeffersonThomas Jefferson quote #189