get gas, like, everything s just more expensive. neil: americans speaking out and freaking out over prices still rising as their 401(k)s keep plummeting and now a new report warning that inflation may be staying and may be much longer than expected. a new fox poll that shows more voters are blaming the guy in the white house. before you run for cover, just know we ve got you covered with lucas tomlinson at the white house as president biden says it s not inevitable we ll have a recession. susan li on the markets indicating we already might be in one. first to susan li, taking stock of stocks just, well, taking a hit and a big hit at that. horrible week. yeah. well, you saw it, neil, the worst week for the stork market in two years stock market and that s after a historic rate hike by the federal reserve, the single sharpest move in 28 years by the central bank, and they re trying to move quickly. as a result, money fast in
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have been hired in the past. why is that? what does it signal underneath all of the noise? joining me now is kimberly strassel, wall street journal columnist and member of the editorial board. good to have you with us tonight. good to see you. first, your top line reaction to this number today? well, look, this is a reminder, vivid reminder that the fundamentals of the u.s. economy are strong. people have been scratching their heads looking at the stock market. this is a reminder when it comes to growth and jobs, hiring, all the numbers and indicators are fine. what is driving the stork market is uncertainty about trade. what the fed is going to do next. that is a concern. if you look at the economy we are in great shape due to the tax cut and the economics. martha: that is what drove debbi de larry kudlow to y
that. that s where donald trump can take some credit. the second question is more important. 52bers of americans own stock which means 48% don t. the stock market has decouple from the rest of the economy. the stock market is really good news for people who are invested in the stork market and for those of you who are, congratulations, it s a great place to be. but many aren t. so over a decade ago, economic reporters like me started understanding that you don t use the dow as proxy for the economy in a society where you have high unemployment where even when you have low unemployment like we do, wages haven t yet pushed up where you ve got great inequality in society. that s where we are. i don t want to belittle the importance of a dow that is up, the s&p is up, the nasdaq is up. real people have investments in that and they re doing well but it s not the same thing as the economy and i don t know who gets credit or blame but it s been on a straight line up since 2009. that is why