I kid.  I’m a kidder.

Lots of DC – and a lot of the rest of us – continue to pretend that Wall Street is the only US economic indicator that matters.

Except since (at least) the 1970s, Wall Street has made most of its money not in conjunction with Main Street – but at the expense of Main Street.  Wall Street success and Main Street success – have been inversely proportional.  And Main Street always seems to be on the losing end.

To wit: Company X closes its US plants – and sends all the work to southeast Asia.  52,000 Americans lose their gigs – which eviscerates Main Street.  But Company X’s Wall Street stock price skyrockets.

Well, Wall Street is now hitting record highs…. (more…)