Nobel Prize-winning economist Paul Krugman starkly laid out the disconnect between the stock market and the real economy in a scathing op-ed

Brendan McDermid/ Reuters

Nobel Prize-winning economist Paul Krugman are broken down the broad unplug between stock markets and the real economy in a scathing New York Times op-ed last week. In the piece titled “Stocks Are Flying. So Is Misery, ” Krugman warned that investor optimism over Big Tech’s gains would not go far as people cannot survive on “rosy projections” about the future. Expend Apple’s$ 2 trillion sell valuation as an example, he pointed out that as long as investors expect the tech monster to generate benefits in the coming years, they “barely care” about the future prospects for the US economy in the near-term. Visit Business Insider’s homepage for more legends.

Nobel-winning economist Paul Krugman showed what is driving the large disconnect between rising furnishes and “growing misery” in a New York Times op-ed on August 20.

“The real economy, as opposed to the financial markets, is still in cruel figure, ” he wrote. See the rest of the legend at Business Insider

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