There's a Perception Gap With the U.S. Economy
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As we approach another election cycle, it’s worth asking: what’s real, what’s political theater, and what does it all mean if Democrats regain control of the House?
The gap between economic data and its public interpretation is huge and getting bigger. As we approach another election cycle, it’s worth asking: what’s real, what’s political theater, and what does it all mean if Democrats regain control of the House?
At first glance, the national mood doesn’t make sense. Gas prices have eased, unemployment remains low, year-over-year wages are finally ticking upward in real terms, and yet the pervasive feeling—is one of decline. Stores are closing, home sales are plummeting even in supposedly recession-proof cities like Washington, D.C., and many Americans find themselves staring at grocery receipts that have ballooned since the pandemic. If you follow headlines, the economy is currently teetering on collapse. So, which is it?
Read the full article at RealClearMarkets.
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