Stocks at Record Highs Despite Record High Unemployment

The stock "market" is making new all time highs, seemingly oblivious to the fact that the US has entered a recession to which there can be no meaningful recovery from without significant pain in the form of asset revaluation. So long as the Fed keeps asset prices pegged to the moon across the board, the economy will never be able to restructure itself and produce the growth necessary to get Americans back to work are return to the level of output we were at before the crisis.