I’m Jonathan Levin, and this is Bloomberg Opinion Today, a digest of Bloomberg Opinion’s editorials. You might not emotionally resonate with this newsletter, but traditional economic indicators suggest it’s highly informative. Subscribe here. n nThe U.S. economy continues to demonstrate solid fundamentals. Unemployment remains low, and gross domestic product expanded at a 3.3% annualized rate in the second quarter. Yet public perception lags behind these figures, raising a persistent question: Why do Americans feel pessimistic despite robust economic performance? Even after five years of sustained economic expansion and a strong stock market, widespread negativity persists. n nThis disconnect between objective data and subjective sentiment has puzzled economists and policymakers. While labor markets are tight and corporate earnings are healthy, many households report financial stress, possibly due to lingering inflation effects, high housing costs, or uneven income growth. The gap between macroeconomic success and individual experience underscores a growing challenge in gauging national economic well-being. n
— news from Bloomberg.com
— News Original —
The Worst Good Economy Ever
I’m Jonathan Levin, and this is Bloomberg Opinion Today, a compendium of Bloomberg Opinion’s opinions. You may not like this newsletter on an emotional level, but conventional statistics indicate that it is very good. Sign up here. n nThe US economy is still in pretty good shape. The unemployment rate is low and gross domestic product expanded at a 3.3% percent annualized pace in the second quarter. Yet Americans don’t exactly see it that way, and the nagging question is… why? Five years into an epic economic and stock market boom, why is everyone so negative?