Parasitism and the economic crisis - World Socialist Web Site
▻http://www.wsws.org/en/articles/2015/06/02/pers-j02.html
Parasitism and the economic crisis
2 June 2015
The US Commerce Department released figures Friday showing that the US economy contracted sharply, shrinking at an annualized rate of 0.7 percent in the first three months of this year.
Yet despite the disastrous condition of the real economy, all three major US stock indexes reached record highs during the three months covered in the report. In fact, less than 48 hours before the release of the data, the Nasdaq Index closed at an all-time high of 5,107.