Everyone loses when the market does something

Correction for Morning Edition: Everyone Does Not Lose When the Market Goes DownBy Dean Baker

When the 'stock market' moves in unison then money is fouled up, the central banker likely bailing out one of its major borrowers.  The stock market is a simple set of regulations on how to list and advertise equities.  The only self correlation it need show is the cost of those simple regulations, except when we have central banks bailing out the largest borrowers. In that case, much of the 'stock market' becomes part of the debt distribution channel, it correlates with the treasury yield curve, bad news for risk management.