Kai Ryssdal talks with CNBC’s John Carney and Marketplace New York Bureau Chief Heidi Moore about the up-and-down week in the markets, and if it’s reflecting the real economy that we’re living in.
On the connection between the real economy and the markets:
John Carney: Well I think actually what we’ve been seeing in the markets this week — the crazy turmoil, up, down, up down — is actually reflecting a debate about what’s going to happen in the real economy. We’ve gotten beyond some of the pure political issues to the Fed telling us all the economy looks very bleak and they’re going to keep interest rates down for a long, long time — much longer than a lot of people thought — because of our poor economic condition.
Heidi Moore: Yeah, I think one of the things that is good that has actually come out of this whole crazy recession is that we understand that things are broken. We don’t know how our economy is truly running. We can’t measure a lot of it. And we know it’s not connected to how much money is made in the markets.
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