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🧠The Weekly Scoop
Explaining every trend affecting your job, home, and investments
Augustus Christensen & Scoops Team
May 24, 2024
Hey friend - we hope you have a fantastic long weekend! There will be no scoops on Monday, as markets will be closed for Memorial Day. See you again on Tuesday!
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Here’s what you need to know this week.…
Catch up on the conversation:
This week was wild, with many investment assets, from stocks to gold and crypto, hitting new record highs. Some of the most pessimistic voices on Wall Street have turned optimistic about stocks. I watched a bently-driving “economist” on the news dismissing the 56% of Americans who think we’re in a recession as misled or uninformed. I’ve written at length about how inequality has distorted our main indicators of economic health - that everyone having a job and still spending more each month isn’t indicative of financial health if working a full-time job doesn’t cover basic living expenses and less of our income goes to discretionary items and savings.
However, today, I want to discuss how things can improve.
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