Economic Dissonance Between Wall Street and Main Street

Thursday, July 29, 2010

The economic numbers that we’re seeing across the country seem to indicate, as Fed Chair Ben Bernanke asserted, that our nation’s economic future is “unusually uncertain.”  The Consumer Confidence index released in July reaffirms a growing pessimism on Main Street, where the decline in confidence is likely due to barely noticeable wage growth and concerns over employment. But that is not the case on Wall Street, where the stock exchange is experiencing an upward trend sparked, in part, by recent earnings reports from some big businesses that have slimmed down their costs through the recession. But what does this disconnect mean to you?  

Louise Story, Wall Street and finance reporter for our partner The New York Times analyzes what she calls a "standoff" between consumers and companies.


Louise Story

Produced by:

Hsi-Chang Lin

Leave a Comment

Email addresses are required but never displayed.