Many Americans are not investors in Wall Street stocks, yet news agencies report the daily numbers of the DOW as if it represented the health of the U.S. economy and of course it no longer does.
Stocks, may be inflated as over-valued bubbles, many of the corporations may do business in China, India, Nigeria or Brazil and the value of a corporate stock may be driven higher with news that it may be bought by another corporation; stock values may also be driven higher as corporate productivity increases by firing workers, outsourcing production and focusing on short term shareholder dividend profit and CEO bonuses instead-all actions such as cutting employee health and retirement packages that can lead to degradation of workers and worker standard of living.
News agencies should refine the Corporate reports with a new financial and insurance sector stock price report so the public can know daily of how the rest of the economy is being trimmed. The actual industrial corporations could be listed in foreign and domestic production facilities to better tie in their management profits and stock values to some relation to the U.S. economy.
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