Why Does It Feel Like The World Is Ending?
Unemployment is low. Wages are rising. Normally those are indicators that the economy is going well. But inflation, gas prices, rising rents, and a housing crisis have taken an immense toll on the psyche of most Americans. Politicians like Biden are laying lip service but offering no real solutions. Meanwhile, it seems like things are just getting worse.
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It is like I've had more conversations. I feel like in the past I didn't know six weeks about this general sense of everything being like this beyond Malaysia. like there is a pre-apocalyptic feeling that is out there. and it's strange in some ways. because you know you got Jamie Dimon I don't listen to Jamie Dimon that much as you know. but I mean he was saying like there's a hurricane coming. you know I guess financially speaking. there is a broad sense of like you know we don't know what's going to happen with inflation. We don't know what's going to happen with a recession. there is a sense that people are pulling back on spending. In particular, you know low-income folks. because they're running out of money. yet we're also seeing almost 400,000 jobs. I've had four conversations with four different people like running from mechanics to you know guys who drive trucks to haul stuff. about the lack of jaw or I said the lack of people for jobs. and people getting offered jobs. guy, I know hull stone and he's like I can't go to a quarry without getting offered a job. It's crazy. and what's going on? and what are the people who are questioning why people have lost faith in our institutions. What are they doing about it?
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