1957: The Stock Market is Not Your Economy by Chris Odegard

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🗓️ 12 July 2022

⏱️ 12 minutes

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Summary

Chris Odegard of The Prolific Investor reminds you that the stock market is not your economy Episode 1957: The Stock Market is Not Your Economy by Chris Odegard Chris writes an alternative investment blog called The Prolific Investor. Chris wants you to challenge conventional wisdom when it comes to investing, personal finance, and money; so you can make work a choice instead of a necessity. The original post is located here: https://theprolificinvestor.net/24-the-stock-market-is-not-your-economy/ Visit Me Online at OLDPodcast.com Interested in advertising on the show? https://www.advertisecast.com/OptimalFinanceDaily Learn more about your ad choices. Visit megaphone.fm/adchoices

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1:00.8	This is Optimal Finance Daily, Episode 1957. The stock market is not your economy,
1:08.0	by Chris Oda Gard of the prolificinvestor.net. And I'm your host and personal finance enthusiast,
1:15.1	Diana Mariam. Now let's get right to today's post and start optimizing your life.
1:24.1	The stock market is not your economy, by Chris Oda Gard of the prolificinvestor.net.
1:32.9	Today's topic is the stock market is not your economy. If you go back to January 2, 2020
1:39.8	before COVID-19 was even part of our vocabulary, the Dow Jones industrial average was at 28,868
1:49.6	and had been on a steady climb for a number of years. If you watched any financial news,
1:55.6	the commentary was that the stock market is rising, therefore the economy is strong.
2:01.4	I often doubted that this was true, because even though the stock market was rising,
2:06.4	there was also some troubling but less talked about information out there. Things like,
2:12.4	social security is underfunded. The pension benefit guarantee corporation is underfunded.
2:19.7	Many state and local government pensions are underfunded.
2:24.4	19% of Americans have zero dollars to cover an emergency expense.
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