No doubt the U.S. economy is in a boom, according to the Federal Reserve Bank of St. Louis. The Conference Board reports the highest levels of job satisfaction in more than a decade. The ratio between the unemployment level and the number of job vacancies is at its lowest level in a half-century
Economists don’t know why booms happen. It’s possible that there’s not even such a thing as a “boom” at all — that this is just how the economy works under normal circumstances, when there isn’t a recession or crisis to throw it off its game.