| Good stuff is happening. GDP is up. Unemployment is low. Inflation has dropped. And families are bringing in more money than they have in years. Yet people seem miserable. Former Fed economist Claudia Sahm explains the disconnect between the rosy economic data and how people perceive things. Please be sure to subscribe to Global Macro Update on the Mauldin Economics website. Subscribers get a free weekly email with a link to each new video, additional commentary from Ed D’Agostino on these interviews, and a full transcript. Go here to subscribe to Global Macro Update: https://www.mauldineconomics.com/go/JM528O/YTB Learn more about Claudia Sahm here: https://stayathomemacro.substack.com Follow Claudia Sahm on LinkedIn: https://www.linkedin.com/in/claudiasahm/ Follow Ed D’Agostino on LinkedIn: https://www.linkedin.com/in/ed-d-agostino-415475296/ Download the Mauldin Economics App here: https://community.mauldineconomics.com/download-app Time stamps: 00:00 – Introduction 04:01 – The sentiment gap is unique to the US 05:39 – Wage inequality is shrinking 09:20 – The Fed’s war on workers 12:24 – Are rate hike effects baked in? 17:15 – The only way to get housing prices down 23:40 – Will we reach 2% inflation? 32:42 – How will AI affect workers? |
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