Platypus Economics | The Hidden Force Dragging Down Consumer Sentiment

<p><em>While the What Next team recovers over the holiday, enjoy this episode from our friends over at <a href="https://podcasts.apple.com/us/podcast/platypus-economics-with-justin-wolfers/id1523898793?itscg=30200&amp;itsct=podcast_box&amp;ls=1&amp;mttnsubad=1523898793&amp;at=1000l38Mz&amp;ct=what-next" rel="noopener noreferrer" target="_blank">Platypus Economics</a>. Mary will be back to her usual feed tomorrow.</em></p><br><p>Americans feel almost exactly as gloomy today as they did in 1980 — when inflation was near 14% and unemployment was close to 8%. Today those numbers are a fraction of that, yet consumer sentiment hit an all-time low. Justin Wolfers treats this like a detective case: the standard economic statistics predict sentiment should sit around 82, but the actual reading is 52 — a 30-point gap begging for an explanation.</p><hr><p style='color:grey; font-size:0.75em;'> Hosted on Acast. See <a style='color:grey;' target='_blank' rel='noopener noreferrer' href='https://acast.com/privacy'>acast.com/privacy</a> for more information.</p>