February 2, 2024

If your personal financial circumstance is bad, no amount of macroeconomic analysis is going to make you feel better. I understand and empathize — JangleBox sales often fall off after the January NAMM Show for a while (unless, oddly, they spike). Grocery prices are still too high; the economy can always be improved. Keep in mind, however, your personal financial circumstance is not a bellwether for the nation’s fiscal health overall.

And to the Larry Summers and Jamie Dimons of the world, please shut up now. You’ve been yapping like Chicken Little about an ever-impending “recession” for the past four years. Give it up; you were wrong. Things are getting better. The economy is growing.

And the Fed should give us all a break and start lowering interest rates.