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For a while now, the "soft" data (like confidence surveys) have indicated worry that times are tough.
But the "hard" data (like the unemployment rate, corporate profits, retail spending, etc) have shown that the economy is proving quite resilient.
So why the discrepancy? And which data set should we be giving more weight to?
For perspective, we're fortunate to welcome back to the program Joanne Hsu, Director of the Surveys of Consumers at the University of Michigan.
If you've ever heard of the Univ of Michigan's highly influential Indices of Consumer Sentiment, Consumer Expectations, or Current Economic Conditions -- Joanne's in charge of those.
She reports that 2025 has seen a fast erosion of confidence across almost every dimension. People are super worried right now.
Video Length: 01:11:37
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