Inflation is a very negative factor in how people experience their lives.

If you look at employment, people have jobs.

If you look at the wages that they're making, they're making more money.

If you look at household wealth, it's up.

So why are they feeling so badly?

That is one of my most significant concerns in terms of a potential trigger for crisis going forward, not just

in the developing countries, but globally.

Welcome to Living Beyond Borders, a podcast from City Private Bank and G0 Media.

On this podcast, we examine global risks and opportunities from the angle of both politics and economics.

I'm Shari Friedman, managing director of climate and sustainability at Eurasia Group and co-host of climate biz podcast.

In the United States, the statistics show that our economy is doing very well. Today, we're

asking a big question. If unemployment is low, real estate prices are high, and the economy is still

growing. Why do people feel so lousy about it?

At the beginning of March, in his State of the Union address, President Joe Biden had this

to say.

Our economy created over 6.5 million new jobs just last year.

More job in one year than ever before in the history of the United States of America.

The economy grew at a rate of 5.7 last year, the strongest growth rate in 40 years,

and the first step in bringing fundamental change to our economy that hasn't worked for working people in this nation for

too long. But just days before the speech from President Biden, a Gallup poll found that only 18%

of Americans surveyed think the economy is good. So what gives? Here to sort it out are two of the

best experts we know. David Baylon is chief investment officer and head of city

...