Eli5; Why is the US economy so dictated by the ups & downs of Wall Street?

Question

Eli5; Why is the US economy so dictated by the ups & downs of Wall Street?

In: 15

Answer 1

It isn’t. Wall Street is a horrible marker of how the economy is doing. It’s just the first thing everybody points to because it’s on the news every day. In reality you need too look at a combination of factors, like the consumer price index, unemployment, etc.