I really don’t know what weird shit is going on there because all the indicators are looking great. Even in Europe the situation isn’t all that dire … even thou

I really don’t know what weird shit is going on there because all the indicators are looking great. Even in Europe the situation isn’t all that dire … even though notably Germany was much harder hit by the Ukraine war (cutting itself loose of its gas dependency on Russia afterwards) than e.g. the US. It‘s just weird feelings based hyper cynical doom and gloom. I get that very recent inflation does feel like shit (if you actively remember paying substantially less for something just a couple months, years ago) but at some point that effect has to disappear, right? Especially given real wage growth in the US. So, yeah, people in the US. Explain yourselves. And people in Europe, explain yourselves, too. (For Germany my hypothesis is horrid political communication by the governing parties. They are doing many of the right things and lots of great things are being implemented after years of standstill but they do not manage to communicate all of that competently.)