, Columnist
The Milken Conference Trades Rainbows for Clouds
Markets are up. Unemployment is down. Profits aren’t a disaster. So why are attendees so glum?
Puppies made an appearance to teach executives how to reduce stress. It didn’t seem to be working.
Photographer: Katia Porzecanski/BloombergThis article is for subscribers only.
Even puppies aren’t able to lift the spirits of the Masters of the Universe.
There are a lot of reasons for tails to be wagging about the economy. The stock market is back in record territory. The unemployment rate continues to be low. The threat of rising interest rates appears to have abated. Consumers are still spending. The economy appears to be rebounding from a weak first quarter, and profits in the first three months of the year have not been as disappointing as expected.