There’s Some Good News That’s Bad News

James K. Galbraith

A chapter in Unbearable Cost, 2006, pp 121-123 from Palgrave Macmillan

Abstract: Abstract Now why (I hear you ask) is good news for the economy bad news for the markets? Why, in particular, did the stock market drop a hundred points on March 9, the very day that unemployment was reported to have fallen to its lowest level in years?

Keywords: Interest Rate; Stock Market; Good News; Jones Index; Union Vote (search for similar items in EconPapers)
Date: 2006
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-23672-1_34

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DOI: 10.1057/9780230236721_34

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