the HUSTLE -ONLINE NEWSPAPER
The American economy is fine, but Americans aren’t
Here’s how the US economy looks this week:
The numbers don’t signal dark economic times, yet — as The Wall Street Journal’s Greg Ip notes — the University of Michigan’s long-running consumer sentiment index stands at “recession-like levels.”
Why? Ip’s theories include:
Ip’s theories are sound but don’t tell the whole story — nothing can for a nation of 332m+. A few ideas we’d throw in to explain sour economic feelings:
FWIW: Polling on dogs is often informal and limited to “Who’s a good boy/girl?” — but with dog treat purchases down, US pups probably aren’t wagging their tails for the economy either.