Just how is the economy doing? It depends on who you ask. Recent stock market trends would have you believe that the American economy is churning along and that economic indicators are looking up. Earnings are strong and getting stronger and balance sheets are well into the black, usually signs of a bull market. But look elsewhere and people are struggling… both with their finances and to understand how Wall Street is doing so well when so much of the economic news they hear is bad.
So are the headlines making the recovery out to be slower than it is? Or is there a reality disconnect between Wall Street and Main Street in America?
Selwyn Gerber, CPA and founder, Gerber & Co., Inc.
Matthew DeBord, Economy Reporter for SCPR and its ‘DeBord Report’ on KPCC.org