What the latest GDP report says about the strength of the U.S. economy

Paul Solman:

The biggest problem has been inflation, of course, but Wolfers is borne out by prices in sectors we have been showing you, inflation, the souffle-like rise in egg prices, now dropping, lumber up fourfold during COVID, back down near its level before the pandemic, containers shipping up five times just two years ago, with prices back down to where they were in 2019.

"The Economist" magazine had the most positive take of oil in a recent cover story, pointing out that America's GDP represents about 25 percent of the world total, almost the same share as it had in 1990, and that $100 invested in the S&P 500, a stock index of America's biggest companies, in 1990 would have grown to about $2,300 today, invested in an index of the biggest rich world stocks, which excluded American equities, about $500.

But if the economy is so good, how come so many Americans don't believe it or feel it?

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