Why so glum?

The economy is booming, with unemployment near a 50-year low. Yes, there is high inflation, but NGDP is up 10.6% over the past 4 quarters, easily outpacing the rate of inflation. Nonetheless, the public feels horrible: US consumer sentiment plunged in early June to the lowest on record [since 1978] as soaring inflation continued to … Continue reading Why so glum?