Stocks and the economy — is there any relationship? by Frank Shostak TNA News with Commentary No. 443 August 2002 With the recent decline in stock prices many famous economists have concluded that there is no need to be concerned since at present the stockmarket doesn't reflect what is happening to the economy. Curiously enough, when the stockmarket was going up it was held by most experts to be the indicator of a strong economy. In his article in The New York Times on July 21 the former Fed deputy chairman Alan Blinder wrote, "So it would be a...