Fox cable hosts are doing the job of the chair of the White House Council of Economic Advisers, Jared Bernstein, by admitting that the economy under President Biden is strong. Bernstein joins MSNBC’s Ali Velshi to discuss the latest “expectation-busting” jobs report.
The stock market is held aloft pretty much solely because of tech.
I’ll be honest, I don’t understand your point.
What does the value of those company’s stocks (which it’s worth noting are rallying in response to those layoffs) have to do with my point that the underlying causes of the layoffs in tech cannot be extrapolated to the broader economy, and thus action in that sector should not be used as a proxy for overall economic health?