America’s Most Important Economic Storyteller Is Confused

It’s election season, so the viral charts are flying around fast and furious, as each side tries to support an economic narrative that will help their candidate win. In these trying, troubled, turbulent times, you’re basically on your own as an intelligent consumer of news. You can’t trust any single source — even me! — to be a complete unbiased ex... See more

Will we update our scripts and stories about how the world actually works? Or is this a conversation that people just don’t want to have? Is it easier to pretend that everyone can make it?

I don’t have good answers to these questions, but I sense the disconnect between what people believe at a societal level and the market finding reality of an econ

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People are struggling, and the market is flooded with think pieces on whether inflation is real or the complexities of geo-politics. It’s interesting that the instinct is to try to make sense of every new thing that happens in the world (now that is a hampster wheel) rather than to understand the things that will never change.

Emotional reactivity d... See more