a lot flatter. "outfront" tonight, daniel altman, economics professor at nyu and doug aiken, former director of the congressional budget office. gentlemen, thanks very much for being with us. daniel, let's start with you. that's the question i've had all day from people. how is it in this economy that doesn't feel like it's really pushing, is really firing on all cylinders, that the dow has hit an all time high? >> well, the thing is that stock prices are based on expectations, because owning a share of stock gives you the right to a share of profits that come in the future for that company. so this is about expectations for the economy years down the road. now, it may take some time for that growth to arrive and the jobs to come with it. but we have other factors here, too, right? because we know, for example, that there's not a lot of people in this country who have big stock portfolios. most people -- >> only 53% of americans had any stock holdings whatsoever. >> that's right. they're not seeing a lot of benefit right away from this. we also know that labor's share of national income, we split