The chapter discusses the disconnect between the booming US economy and low consumer confidence, speculating on the reasons behind this contrast. It explores the role of higher-income spenders, pandemic savings, and other factors that may contribute to the conflicting sentiments.
Episode 172: Neal and Toby explain the significance of President Biden visiting Israel today and what the implications are of the House attempting to elect a speaker. Plus retail rates are up as Americans love to spend and why real estate brokers may be heading to trial for broker's fees. The guys also take a look at Marc Andreessen's "Techno Optimist Manifesto" and what is United's new boarding protocol? And finally, why one Citi banker was fired for expensing two sandwiches.
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