<description>&lt;p&gt;Why does the stock market keep going up when the economy feels so bad? It&amp;rsquo;s the question we probably get the most and, quite frankly, it&amp;rsquo;s not a bad one. The primary reason equities seem invincible is because of the dramatic increase in the money supply over the past four decades. That explains the supply side of the equation at least. But a lot had to happen behind the scenes to allow for the money supply to be absorbed into the financial system and ultimately benefit a fraction of the population.&lt;/p&gt; &lt;p&gt;&lt;strong&gt;Resources&lt;/strong&gt;&lt;/p&gt; &lt;p&gt;MacroMicro: &lt;a href="https://en.macromicro.me/charts/23858/us-m2"&gt;US - M1 &amp;amp; M2 Money Supply&lt;/a&gt;&lt;/p&gt; &lt;p&gt;Wikipedia: &lt;a href="https://en.wikipedia.org/wiki/Buffett_indicator"&gt;Buffett indicator&lt;/a&gt;&lt;/p&gt; &lt;p&gt;CFI: &lt;a href="https://corporatefinanceinstitute.com/resources/valuation/cape-ratio/"&gt;Shiller P/E&lt;/a&gt;&lt;/p&gt; &lt;p&gt;Civiqs: &lt;a href="https://civiqs.com/results/approve_president_trump_2025?uncertainty=true&amp;amp;zoomIn=true&amp;amp;annotations=true&amp;amp;party=Republican"&gt;Donald Trump: Job Approval, Second Term&lt;/a&gt;&lt;/p&gt; &lt;p&gt;Wall Street Journal: &lt;a href="https://www.wsj.com/finance/stocks/stocks-americans-own-most-ever-9f6fd963"&gt;More Americans Than Ever Own Stocks &lt;/a&gt;&lt;/p&gt; &lt;p&gt;Brookings: &lt;a href="https://www.brookings.edu/articles/rising-inequality-a-major-issue-of-our-time/"&gt;Rising inequality: A major issue of our time &lt;/a&gt;&lt;/p&gt; &lt;p&gt;The Review of Economic Studies: &lt;a href="https://academic.oup.com/restud/article/92/4/2656/7698334"&gt;Stock Market Participation, Inequality, and Monetary Policy&lt;/a&gt;&lt;/p&gt; &lt;p&gt;Roosevelt Institute: &lt;a href="https://rooseveltinstitute.org/blog/our-new-report-defining-financialization/"&gt;Our New Report: Defining Financialization&lt;/a&gt;&lt;/p&gt; &lt;p&gt;Levy Economics Institute: &lt;a href="https://www.levyinstitute.org/wp-content/uploads/2024/02/wp_869.pdf"&gt;Have We Been Here Before? Phases of Financialization within the 20th Century in the United States&lt;/a&gt;&lt;/p&gt; &lt;p&gt;The Fed: &lt;a href="https://www.federalreserve.gov/publications/november-2025-financial-stability-report-leverage-in-the-financial-sector.htm"&gt;3. Leverage in the Financial Sector&lt;/a&gt;&lt;/p&gt; &lt;p&gt;&lt;strong&gt;UNFTR Resources&lt;/strong&gt;&lt;/p&gt; &lt;p&gt;&lt;a href="https://www.unftr.com/episodes/topical22"&gt;Stock Buybacks Surge: Another Red Flag for the U.S. Economy&lt;/a&gt;.&lt;/p&gt; &lt;p&gt;Video: &lt;a href="https://youtu.be/V57Qt-6z-_Y"&gt;Why is the stock market so good when the economy is so bad?&lt;/a&gt;&lt;/p&gt; &lt;p&gt;&lt;strong&gt;--&lt;/strong&gt;&lt;/p&gt; &lt;p&gt;If you like #UNFTR, please leave us a rating and review on Apple Podcasts and Spotify: &lt;a href="https://unftr.com/rate"&gt;unftr.com/rate&lt;/a&gt; and follow us on &lt;a href="https://www.facebook.com/Unfucking-The-Republic-102319714930389"&gt;Facebook&lt;/a&gt;, &lt;a href="https://bsky.app/profile/unftr.com"&gt;Bluesky&lt;/a&gt;,&amp;nbsp;and &lt;a href="https://www.instagram.com/unftrpod/"&gt;Instagram&lt;/a&gt; at @UNFTRpod. Visit us online at &lt;a href="https://www.unftr.com/"&gt;unftr.com&lt;/a&gt;.&lt;/p&gt; &lt;p&gt;Become a member at &lt;a href="https://www.unftr.com/memberships"&gt;unftr.com/memberships&lt;/a&gt;.&lt;/p&gt; &lt;p&gt;Buy yourself some Unf*cking Coffee at &lt;a href="https://shop.unftr.com/"&gt;shop.unftr.com&lt;/a&gt;.&lt;/p&gt; &lt;p&gt;Visit our bookshop.org page at &lt;a href="https://bookshop.org/shop/UNFTRpod"&gt;bookshop.org/shop/UNFTRpod&lt;/a&gt; to find the full UNFTR book list, and find book recommendations from our Unf*ckers at &lt;a href="https://bookshop.org/lists/unf-cker-book-recommendations"&gt;bookshop.org/lists/unf-cker-book-recommendations&lt;/a&gt;.&lt;/p&gt; &lt;p&gt;Access the UNFTR Musicless feed by following the instructions at &lt;a href="https://www.unftr.com/accessibility"&gt;unftr.com/accessibility&lt;/a&gt;.&lt;/p&gt; &lt;p&gt;Unf*cking the Republic is produced by 99 and engineered by Manny Faces Media (&lt;a href="https://www.mannyfacesmedia.com"&gt;mannyfacesmedia.com&lt;/a&gt;). Original music is by Hold Fast (&lt;a href="https://holdfastband.com"&gt;holdfastband.com&lt;/a&gt;). The show is hosted by Max and distributed by 99.&lt;/p&gt;&lt;p&gt;&lt;a href="https://www.unftr.com/memberships" rel="payment"&gt;Support the show: https://www.unftr.com/memberships&lt;/a&gt;&lt;/p&gt;&lt;p&gt;See &lt;a href="https://omnystudio.com/listener"&gt;omnystudio.com/listener&lt;/a&gt; for privacy information.&lt;/p&gt;</description>

Unf*cking The Republic

UNFTR Media

Why the Stock Market Keeps Going Up: (While Everything Else Goes Down.)

FEB 9, 202623 MIN
Unf*cking The Republic

Why the Stock Market Keeps Going Up: (While Everything Else Goes Down.)

FEB 9, 202623 MIN

Description

Why does the stock market keep going up when the economy feels so bad? It’s the question we probably get the most and, quite frankly, it’s not a bad one. The primary reason equities seem invincible is because of the dramatic increase in the money supply over the past four decades. That explains the supply side of the equation at least. But a lot had to happen behind the scenes to allow for the money supply to be absorbed into the financial system and ultimately benefit a fraction of the population. Resources MacroMicro: US - M1 & M2 Money Supply Wikipedia: Buffett indicator CFI: Shiller P/E Civiqs: Donald Trump: Job Approval, Second Term Wall Street Journal: More Americans Than Ever Own Stocks Brookings: Rising inequality: A major issue of our time The Review of Economic Studies: Stock Market Participation, Inequality, and Monetary Policy Roosevelt Institute: Our New Report: Defining Financialization Levy Economics Institute: Have We Been Here Before? Phases of Financialization within the 20th Century in the United States The Fed: 3. Leverage in the Financial Sector UNFTR Resources Stock Buybacks Surge: Another Red Flag for the U.S. Economy. Video: Why is the stock market so good when the economy is so bad? -- If you like #UNFTR, please leave us a rating and review on Apple Podcasts and Spotify: unftr.com/rate and follow us on Facebook, Bluesky, and Instagram at @UNFTRpod. Visit us online at unftr.com. Become a member at unftr.com/memberships. Buy yourself some Unf*cking Coffee at shop.unftr.com. Visit our bookshop.org page at bookshop.org/shop/UNFTRpod to find the full UNFTR book list, and find book recommendations from our Unf*ckers at bookshop.org/lists/unf-cker-book-recommendations. Access the UNFTR Musicless feed by following the instructions at unftr.com/accessibility. Unf*cking the Republic is produced by 99 and engineered by Manny Faces Media (mannyfacesmedia.com). Original music is by Hold Fast (holdfastband.com). The show is hosted by Max and distributed by 99.Support the show: https://www.unftr.com/membershipsSee omnystudio.com/listener for privacy information.