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→The disconnect
During the period of [[globalization]] (1996 - 2017), [[Wall Street]] became disconnected from [[Main Street]]. As American [[corporation]]s shifted their investment dollars from the United States to emerging markets and the developing world, Wall Street stocks, the Dow Jones Industrial average and other stock indexes reflected less and less the condition of the U.S. [[economy]]. Wall Street itself became globalized, and Main Street became detached.
During the period of [[globalization]] (1996 - 2017), [[Wall Street]] became disconnected from [[Main Street]]. As American [[corporation]]s shifted their investment dollars from the United States to emerging markets and the developing world, Wall Street stocks, the Dow Jones Industrial average and other stock indexes reflected less and less the condition of the U.S. [[economy]]. Wall Street itself became globalized, and Main Street became detached.
While Wall Street stocks still provide income to retirees and pension funds, the capital employed and income produced by many of these stocks comes from foreign workers in China and elsewhere, and not from workers whose home is main Street America.
While Wall Street stocks still provide income to retirees and pension funds, the capital employed and income produced by many of these stocks comes from foreign workers in China and elsewhere, and not from workers whose home is Main Street America.
Two years into MAGAnomics, the Chinese [[slave]]-driven economy started to contract as American and other multinational conglomerates began locating elsewhere. Some returned to the United States, others moved to [[Vietnam]] and other low-wage labor markets. Many Wall Street stocks, which anticipated globalization as the wave of the future, had to go through a period of re-assessment and adjustment.
Two years into MAGAnomics, the Chinese [[slave]]-driven economy started to contract as American and other multinational conglomerates began locating elsewhere. Some returned to the United States, others moved to [[Vietnam]] and other low-wage labor markets. Many Wall Street stocks, which anticipated globalization as the wave of the future, had to go through a period of re-assessment and adjustment.