Goldman Sachs: If Stocks Drop, The Economy Will Too
In addition to boosting the intangible “wealth effect” by raising consumer confidence and encouraging spending, rising stock prices have a benign effect on the broader economy by directly stimulating US economic growth and GDP. And vice versa: when stocks drop, tightening financial conditions, US GDP is impacted adversely.
https://etfdailynews.com/2018/10/22/goldman-sachs-if-stocks-drop-the-economy-will-too/
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