With markets improving and the overall economy strengthening, why is everyone so negative about our country’s current financial state? By many measures, I believe our economy is far better than peo…
August 20, 2023 at 6:03 a.m.
The past two years brought the strongest labor market in a generation, for example. Yet many are convinced of an impending recession. The University of Michigan Index of Consumer Sentiment, a measure of how positively or negatively people “feel” about the market, indicates a lower low than during the 2008 financial crisis. The 2023 level is even lower than in the 1980s when inflation was 15%, and the 1970s during a challenging economic period.
Workers are also happier with their work situations than they’ve been in decades, according to a May Wall Street Journal article titled
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