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Comment by Eumenes | Hacker News Reader

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.

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Bogleheads would not need financial news. Their whole thing is ignoring news and just buying and holding as long as possible.

What 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.

The party in 1984 was proud to increase chocolate rations.

Because in every metric the economy is doing well.

Those metrics are disconnected from middle class reality.

What metrics are you looking at for your claims

The 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.

This 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!

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