General Discussion

making it clear that "the economy" is not the same thing as "the stock market".

They are doing a poorer job of explaining that the S&P500, which is the most common benchmark of "the US markets", is utterly irrational now, with 7 grossly over-valued companies representing about 40% of the S&P 600 capitalization, but only about 20% of the actual profits.

And they never mention at all that stock prices, in the long run, are a function of expected profits, and those profits are subject to inflation just like anything else. In other words, if the markets are not going up about 4% every year, then the stock markets are LOSING money in real terms.