To the Point

If the Dow's Up, Why Are Housing and Jobs Still Down?

The Dow hit 13,000 this week, yet housing and consumer spending continue to limp along. Terrence McNally explores the continued gap between Wall Street and Main Street.

By Terrence McNally • Mar 2, 2012 • 51m Listen

The stock market's roaring, and applications for unemployment are down, but there was disappointing news in Thursday's economic data. In January manufacturing growth slowed, construction spending dipped, and Americans' after-tax income fell, leading to a fourth straight month of weak consumer spending. Guest host Terrence McNally explores the continued gap between Wall Street and Main Street, and what we can do about it. Also, Iranians vote between hard-line candidates in parliamentary elections, and Russians go to the polls Sunday, with Putin expected to win. Has anything changed?

Banner image: A construction worker cuts a piece of wood on the top of a home under construction at a new housing development in Petaluma, California. Photo by Justin Sullivan/Getty Images

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To the Point

If the Dow's Up, Why Are Housing and Jobs Still Down?

The Dow hit 13,000 this week, yet housing and consumer spending continue to limp along. Terrence McNally explores the continued gap between Wall Street and Main Street.

Share

To the Point

If the Dow's Up, Why Are Housing and Jobs Still Down?

The Dow hit 13,000 this week, yet housing and consumer spending continue to limp along. Terrence McNally explores the continued gap between Wall Street and Main Street.

Share