The Price Of Wheat Doesn’t Tell Us About Strength Of Economy And Neither Does The Stock Market – OpEd

The stock market tells us about the expected value of future after-tax corporate profits. At least, that is when it tells us anything at all.

That is not radical lefty ranting, that is from the Econ textbook. If the economy is expected to boom next year, because Joe Biden is going to use the revenue from a big corporate...