Several of my recent posts focused on the mystery of why Americans continue to spend like crazy when surveys indicate that consumer sentiment is terrible. Unfortunately, I did not have a persuasive answer. To add to the conundrum, the University of Michigan Sentiment...
Several of my recent posts expressed bewilderment that so many Americans have a negative view of the economy despite statistics that are overwhelmingly positive. The most common explanation is that people are angry because they compare the prices of homes, groceries, and other...
While the U.S. certainly has many shortcomings, I am constantly amazed that Americans are so angry and divided, especially given the strength of our economy, the huge gains in life expectancy over the last century, and the fact that we enjoy a high...
All of us are aware of the phenomenon known as The Great Resignation in which a record number of people are leaving their jobs, in many cases without having secured another position. As depicted in the following graph, the percentage of the workforce...
