Oddbean

Confidence Is the Underappreciated Economic Engine ========== Confidence is an underappreciated factor in economic forecasting; Economic confidence can change quickly and have significant impacts; The difference in economic activity caused by a small decline in confidence can be substantial; Confidence is influenced by political views, stock market performance, and real estate valuations; Common knowledge plays a role in shaping economic confidence; Recent events like stock market volatility and an increase in the unemployment rate may impact confidence and consumption patterns. https://www.investing.com/analysis/confidence-is-the-underappreciated-economic-engine-200650735