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The stock market is soaring but Americans are in a bad mood.

Americans are in a bad mood and haven’t been this pessimistic in 70 years, while the stock market isn’t at all. The University of Michigan’s Consumer Confidence Index has fallen to a historic low, while the S&P 500 and Dow Jones are trading at record levels. This is highlighted by the Wall Street Journal, which notes that Americans’ mood was already low at the start of this year, but plummeted after the start of the war with Iran at the end of February, which drove up gasoline prices.

Only in June 2022, when inflation had reached the highest level in decades due to Covid, there was as much concern, but as Joanne Hsu, director of consumer surveys at the University of Michigan, comments, “now prices remain extremely high, the labor market has undeniably weakened over the past four years, and we are in the midst of a war.” However, looking at the stock market, no one would imagine such a low sentiment: stocks have reached record levels and are very expensive. The S&P 500 index registers a valuation of 40.8, measured by the price-to-earnings ratio adjusted for the economic cycle. This is an indicator popularized by Yale University economist Robert Shiller, Nobel Prize winner in 2013 for his work on asset prices.

The S&P 500 has never been so high. The previous one was in 2000.

The only other time the value of this index was above 40 in the 145 years of data collected by Shiller was in the years immediately preceding and following the peak of the dot-com bubble at the beginning of 2000.

The year 2000 was also the year the Michigan index reached historic highs. Since then, it has never come close to those levels. What makes the situation today so unusual compared to the normal course of things? Economists, the WSJ explains, have several hypotheses. In 2000, the economy was growing and creating jobs, and inflation was contained. The Cold War was over, China was opening up, and the US government was running a surplus. Just as today with artificial intelligence, a new revolutionary technology was taking hold: the Internet, a new technology that would connect the world and improve lives.

Reasons for this distrust

AI is not seen in the same positive light. Robert Barbera, director of the Center for Financial Economics at Johns Hopkins University, identifies three distinct factors that could explain the current disconnect. First, stock prices may not align with the fundamentals of the US economy and could fall sharply. In other words, consumers are justified in being dissatisfied. Second, stock markets could foreshadow a future that many Americans have not yet fully understood, a future, for example, in which the war with Iran ends, inflation eases, and growth resumes. In other words, the euphoric trend of the stock markets is justified. The third factor combines euphoria and fear. The factor that has most fueled enthusiasm in the stock markets recently has been artificial intelligence, which is also a source of growing concern for many Americans. A world in which companies can use AI to reduce labor costs and dramatically expand profit margins is positive for stocks. But it could also be a world in which more people struggle to find jobs. “The surge in the stock market and the growing pessimism of families reflect the same thing,” Barbera said.

#Americans #DowJones #Covid #JoanneHsu #YaleUniversity #RobertShiller #NobelPrize #Shiller #Michigan #TheColdWar #China #RobertBarbera #First #Second #third #Barbera

https://www.agi.it/economia/news/2026-05-25/mercato-azionario-ma-americani-cattivo-umore-37220886/

Yale's Archives Unveil Medieval "Magic" Texts, Digitized for Public Access

Yale University now lets anyone view 20 rare medieval magic manuscripts online. Learn how these texts changed science and history for the elite in the past.

#yaleuniversity, #medievalhistory, #digitallibrary, #magicmanuscripts, #historyfacts

https://newsletter.tf/yale-digitizes-medieval-magic-manuscripts/

Yale University has digitized 20 rare medieval texts about magic and science. This collection is now free for everyone to view online for the first time.

#yaleuniversity, #medievalhistory, #digitallibrary, #magicmanuscripts, #historyfacts
https://newsletter.tf/yale-digitizes-medieval-magic-manuscripts/

Yale Library Digitizes 20 Medieval Magic Books for Public Access

Yale University now lets anyone view 20 rare medieval magic manuscripts online. Learn how these texts changed science and history for the elite in the past.

NewsletterTF

THE ACADEMIC BATTLEGROUND: NATION'S COLLEGES DEEMED 'BEST' STATE BY STATE

Stanford University in California and Yale University are ranked 4th nationally in the 2026 US News & World Report. See how other state universities performed.

#USNewsRankings, #StanfordUniversity, #YaleUniversity, #CollegeRankings, #HigherEducation

https://newsletter.tf/stanford-yale-rank-4-us-colleges-2026/

Stanford University in California and Yale University both achieved a national rank of #4 in the 2026 US News & World Report, scoring 95 out of 100.

#USNewsRankings, #StanfordUniversity, #YaleUniversity, #CollegeRankings, #HigherEducation
https://newsletter.tf/stanford-yale-rank-4-us-colleges-2026/

Stanford and Yale Rank 4th in US Colleges 2026

Stanford University in California and Yale University are ranked 4th nationally in the 2026 US News & World Report. See how other state universities performed.

NewsletterTF
US justice department accuses Yale medical school of illegally using race in admissions

A 2023 supreme court decision banned the use of affirmative action in college admissions

The Guardian

Il Tempo: Rettore dell'Università Link, Carlo Alberto Giusti, premiato a New York dalla Niaf

Roma, 24 apr. (Adnkronos) - Il magnifico rettore dell'Università degli Studi Link, Carlo Alberto Giusti, ha portato a termine una missione strategica negli Stati Uniti in occasione della presentazione del suo volume “The American Club - La fabbrica della cultura statunitense, il vero soft power dell'Occidente”, dedicato alle università statunitensi e uscito da poche settimana in libreria per Paesi Edizioni. Lo rende noto la stessa Università degli Studi Link sottolineando che Giusti ha incontrato il console generale italiano a New York, Giuseppe Pastorelli, e il direttore dell'Istituto di Cultura Italiano a New York, Claudio Pagliara, per presentare il volume, le attività e i corsi dell'Università Link e programmare future collaborazioni.
A conclusione della missione si è tenuto il Gala annuale che la Niaf, National Italian American Foundation, tiene a New York. In questa occasione è stato conferito a Carlo Alberto Giusti il premio per l'Amicizia Accademica, intitolato al presidente di Yale University, Angelo Bartlett Giamatti.
“L'università - ha spiegato il rettore della Link - è l'asset principale su cui tutti gli Stati devono investire, perché soltanto la diplomazia culturale e lo scambio scientifico che il sistema universitario sa assicurare può dare speranza all'uscita dalla crisi internazionale che stiamo vivendo”.

Link University Rector, Carlo Alberto Giusti, awarded in New York by the Niaf

Rome, April 24 (Adnkronos) – The magnificent Rector of the Link University, Carlo Alberto Giusti, has concluded a strategic mission in the United States in conjunction with the presentation of his book “The American Club – The Factory of American Culture, the True Soft Power of the West,” dedicated to American universities and recently released by Paesi Edizioni. The Link University itself makes this known, emphasizing that Giusti met with the Italian Consul General in New York, Giuseppe Pastorelli, and the Director of the Italian Cultural Institute in New York, Claudio Pagliara, to present the book, the activities and courses of the Link University and to plan future collaborations.
At the conclusion of the mission, the annual Gala held by the Niaf, National Italian American Foundation, in New York was held. During this occasion, Carlo Alberto Giusti was awarded the Friendship Academic Prize, named after the President of Yale University, Angelo Bartlett Giamatti.
“The university – the Rector of Link explained – is the main asset on which all states must invest, because only the cultural diplomacy and scientific exchange that the university system is able to guarantee can offer hope for emerging from the international crisis that we are experiencing.”

#CarloAlbertoGiusti #NewYork #theNiafRome #theLinkUniversity #Carlo #AlbertoGiusti #theUnitedStates #theTrueSoftPower #American #PaesiEdizioni #TheLinkUniversity #Italian #GiuseppePastorelli #ClaudioPagliara #YaleUniversity

https://www.iltempo.it/adnkronos/2026/04/25/news/rettore-dell-universita-link-carlo-alberto-giusti-premiato-a-new-york-dalla-niaf-47427867/

Rettore dell'Università Link, Carlo Alberto Giusti, premiato a New York dalla Niaf

Roma, 24 apr. (Adnkronos) - Il magnifico rettore dell'Università degli Studi Link, Carlo Alberto Giusti, ha portato a termine una missione strategica ...

America's Super Elite Just Don't Get It -by Alfred Essa
*The jobs are going away faster than new ones can be created, faster than workers can be retrained, faster than institutions can adapt
There's a context problem with the historical analogy. We have never had this level of economic inequality alongside a technology disruption of this magnitude* video panel discussion with Richard Levin (President Emeritus of #YaleUniversity; former CEO Coursera) Jonathan Levin (President #StanfordUniversity)
#yaleuniversity протест студентов Йеля против апартеидного права израиля