It’s an Alice in Wonderland world. Everything is nonsense. Stocks are going up. That should mean things are looking up for business. Which should mean that companies have plenty of worthwhile new capital investments to make – new machinery, new factories, new products, and more distribution.
And if things are looking up for business, it should mean things are looking up for their employees.
More jobs. Higher wages. And since stock prices are not far from record highs – after clawing their way back up the mountain over the last five weeks – it must mean that things are looking up all over, right?