Why Markets Boomed in a Year of Human Misery

2/28/2021

This article from The New York Times analyzes the reasons behind the booming stock market in 2020, despite the economic hardships caused by the COVID-19 pandemic. It explains that the stock market's performance can be attributed to a variety of factors, including unprecedented government interventions and monetary policies implemented to stabilize the economy. The article highlights the role of fiscal stimulus measures, low interest rates, and increased savings rates among households as key drivers of the market's growth. It also discusses the uneven distribution of stock market gains and explores the potential risks and uncertainties that lie ahead in the coming months.

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