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With the Bloomberg model predicting a 100% chance of a recession within the next year, and the Covid-19 case number rising with no sign of flattening in the U.S,. why did the stock market rise steadily last week with the DJIA gaining over 2,300 points?
As my fellow Emory alum Kai Ryssdal (NPR Marketplace) often says, Wall Street is not the economy, and the economy is not Wall Street.
And will they really ignore the opinions of medical experts who say that such a move is likely to re-invigorate the pandemic?
Do you really have to ask if Nero found his fiddle?