Consumer Sentiment Stalls Despite Economic Growth: Insights and Implications

In this episode of 'Simply Economics', we explore the puzzling stagnation of consumer sentiment despite strong economic indicators like GDP growth and low unemployment. We analyze the latest Consumer Sentiment Index and discuss its implications for consumers and policymakers. Additionally, we examine the recent surge in US Treasury yields near 4% and its impact on monetary policy, investment strategies, and mortgage rates. We also critique mainstream economic principles and advocate for a new approach that prioritizes societal well-being. Finally, we highlight Vietnam's ambitious growth target of over 7% this year and the strategies being implemented to achieve it, providing a comprehensive overview of the current economic landscape.

Sources:
https://www.wdiy.org/show/economic-pulse-with-dr-kamran-afshar/2024-10-07/economic-pulse-week-of-10-4-24
https://finance.yahoo.com/news/key-us-yields-near-4-074137831.html
https://www.baltimoresun.com/2024/10/07/we-need-an-economics-that-recognizes-the-greater-good-guest-commentary/
https://www.yahoo.com/news/vietnam-premier-aims-growth-more-072805215.html

Outline:
(00:00:00) Introduction
(00:00:41) Economic Pulse: Week of 10/4/24
(00:02:52) Key US Yields Near 4% for First Time Since August on Fed Rethink
(00:05:15) We need an economics that recognizes the greater good
(00:07:47) Vietnam Premier Aims For Growth of More Than 7% This Year