I know it’s terribly uncool to say that the economy is good and suggest that all the doom and gloom might be caused by something other than the material reality of most Americans. (I sure get a lot of blow back when I suggest such a thing. ) But really, everyone needs to get a grip.
We’ve continued to have really good economic news in recent weeks.
Inflation was ZERO in May. Prices did not rise and the price of many goods fell.
The May jobs report was 50% higher than expected.
The World Bank upped it global growth forecast because of the strength of the American economy.
The Atlanta Fed’s GDPNow tracker has q2 GDP coming in at a very robust 3%
Wage growth remains very strong.
The stock market keeps breaking records.
New data found that crime and murder rates have plummeted, and flows to the border are way down from where they were last year……
I know that housing remains a concern but the building boom should mitigate that in due time as well as an overdue drop in interest rates. But other than that, the economy is hugely improved and polling suggests that people are starting to become aware of that..