Reality and Wall Street aren't on speaking terms. Something happened today that you'd think would be good news -- the number of job openings reached a 13 year high. Yeah, we can get into the nitty gritty about many of those jobs not paying a living wage, but jobs are coming back. That means workers will be employed. And that should be a good thing, right?
Well, not if you're Wall Street. All three major indices fell today, one of the reasons given is investors worrying that increased job growth will mean the Federal Reserve will ease back on its stimulus program. So in the new world order workers earning salaries and buying things isn't as lucrative as getting money straight from the federal government. Funny, I seem to remember that Reagan's mantra was consumers will drive the economy. Consumers need jobs to buy stuff, right? Are these Wall Street clowns actually claiming that their sainted Ronald Reagan was wrong?
And that gets to the heart of it. Wall Street doesn't care about anything but Wall Street. Just last week Standard and Poor released a report that shows inequality hurts the economy. But Wall Street doesn't care, because cutting away at inequality would hurt them. To hell with the economy, to hell with the workers, to hell with anybody who isn't them.