The economy is too hot. Yet, the economy is headed for a recession.
The housing market is in the dumps. Yet, new home sales are at their highest level in 10 months
There are nearly two jobs for every unemployed person. Yet, layoffs are rising.
The Federal Reserve has lost the plot on inflation. Yet, Fed Chairman Jerome Powell says disinflation “has begun.”
Each of the statements is true. No wonder the economy appears so confusing to everyday Americans. And not just the common folk: Legendary investor Warren Buffett recently told shareholders of Berkshire Hathaway that he and partner Charlie Munger “firmly believe that near-term economic and market forecasts are worse than useless.”
Read more here: https://www.usnews.com/news/the-report/articles/2023-03-03/confused-about-the-economy-theres-good-reason-to-be
