Brand & Martínez

Brand & Martínez is a daily, two-hour program that looks at news and culture through the lens of Southern California. Hosted by Madeleine Brand & A Martínez

Markets thrive despite weak economy

by Brand & Martínez

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NEW YORK, NY - SEPTEMBER 06: Traders work on the floor of the New York Stock Exchange on September 6, 2012 in New York City. Following news of a new European Central Bank bond-buying program and stronger-than-expected data on the job market ,The Dow Jones industrial average rose 245 points, or 1.9% to close at the highest level since December 2007. (Photo by Spencer Platt/Getty Images) Spencer Platt/Getty Images

Last week's employment numbers were pretty grim: the nation added less than 100 thousand jobs in August. That was bad news for everyone, except investors, who saw it as a sign the Federal Reserve might take some new action to stimulate the economy.

That can push up the price of stocks. In fact some see action by the Fed and central banks in other countries as one of the reasons that stock markets continue to rally, as the economy here and in Europe languishes.

Have markets come to rely too much on support from central banks? And are the rest of us losing out while Wall Street cashes in?

Marketplace New York bureau chief Heidi Moore joins the show with some answers.

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