Conference Board Index Still in Gloomy Range
Original Report
Confidence rises to 91.2, but below consensus (94.4), from downwardly revised level. Gallup also rises. Figure 1: U.Michigan Economic Sentiment (blue), Conference Board Confidence Index (brown),...
Confidence rises to 91.2, but below consensus (94.4), from downwardly revised level. Gallup also rises. Figure 1: U.Michigan Economic Sentiment (blue), Conference Board Confidence Index (brown), Gallup Confidence level (green), all demeaned and divided by standard deviation 2021M01-2025m02. Red dashed line at “Liberation Day”; purple at US-Iran War. NBER defined peak-to-trough recession dates shaded gray. […]
Glass House Analysis
This story reflects the interconnected nature of modern economic systems, where developments in one sector inevitably affect others. Understanding these connections is essential for grasping how policy decisions and market movements translate into real-world outcomes for families, workers, and communities. The economy is not an abstract system of numbers—it's the sum total of decisions about who works, who prospers, and who struggles.
The implications extend beyond the immediate news cycle. Every economic development creates ripples that affect employment, prices, and opportunities in ways that may not be immediately visible but are deeply felt. By tracking these connections, we can better understand how the economy truly works—not as an abstract machine, but as a human system shaped by and shaping the lives of millions.
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