Why This Economist Says Government Economic Surveys Can’t Be Replaced

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  On today's show, we're bringing you an episode of WSJ's Take on the Week,

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  where co-hosts Gunjin Banerjee and Telestemos dive into markets, the economy and finance.

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  One of the big questions on investors' minds lately is how consumers are feeling about the economy.

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  In this episode,

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  Dana Peterson from the conference board digs into the latest consumer confidence index and,

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  well, it's a mixed bag.

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  Plus,

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  they get the importance of survey-based data after President Trump dismissed the head of the Bureau of Labor Statistics last month.

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  Take a listen, and if you like what you hear,

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  we've got a link to WSJ's Take on the Week in the show notes.

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  Gunjan, it seems like the bond market is back in focus.

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  We had a few moves this week, which really grabbed everyone's attention.

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  First of all, we had the US Treasury, the 30 year US Treasury bond, the long-term US bond market.

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  Those yields hit 5%, a level that kind of scares everybody,

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  that only rarely has been hit in recent years.

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  Everyone freaks out when like yields start going crazy, right?

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