A Weird Economy – By Victor Davis Hanson – The Corner – National Review Online

Posted by admin on April 12, 2013 in from Victor Davis Hanson |
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© National Review Online 2013. All Rights Reserved.

A Weird Economy

A rising stock market, when employment rates and economic growth are dismal, seems a reflection not of a sound economy, but of a desperate one, here and abroad, in which millions have nowhere else to put their money and retirement contributions — given near-zero interest rates, fears of banks, a discouraging business climate, and a still shaky real-estate market.

Worse yet, …

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…— and right now the proverbial people are quietly choosing to ride this administration out and slow down, when robust economic growth is our only hope in paying down the vast sums we have borrowed and wasted.

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