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Prob because this is financial news for wall street and boglehead types, not your average Joe. But I agree - I feel the press is very optimistic about things w/
by Eumenes 3y ago
Prob because this is financial news for wall street and boglehead types, not your average Joe. But I agree - I feel the press is very optimistic about things w/o going deeper into the systemic problems.
- lockhouse 3y agoWhat blows my mind is that Joe Biden and his administration have been talking about “Bidenomics” and touting the current economy like it’s a strength for him going into reelection instead of a liability. I just can’t wrap my head around that. Are we living in the same America? It really feels like I’m being gaslit.
- jazzyjackson 3y agoThe party in 1984 was proud to increase chocolate rations.
- tekla 3y agoBecause in every metric the economy is doing well.
- lockhouse 3y agoThose metrics are disconnected from middle class reality.
- tekla 3y agoWhat metrics are you looking at for your claims
- lockhouse 3y agoThe ones that matter to me personally. Namely my paycheck, price stickers, my bills, and my bank account. The rest of the metrics are mostly for economists and rich people.
- knewter 3y agoThis is my experience and that of everyone I talk to in my daily life. It's like a very weird bubble on HN and in the media, where people are ignoring things like "my tracked expenses for groceries are 60% higher than they were in 2019, and my restaurant budget has grown though I go out to eat 1/3 as much" I don't have to guess about these things, I have receipts. Still, everyone here and on the news tells me things are great!
- lotsofpulp 3y agoBogleheads would not need financial news. Their whole thing is ignoring news and just buying and holding as long as possible.