Market price actions despite the economic reality

Markets are still hyping based on the massive debt spending to lure consumers to spend on false hope of massive debt spending. Real GDP growth would be much worse as the debt spending is counted as a part of GDP calculation. Americans were misinformed and misled during the 2002-2007 economy as the GDP-economic growth was mainly based on Americans' savings, not genuine producing power. We are going through worse debt spending economy.


source: Econoday