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I just realized why the “economic boom” story feels very surreal to me (quite apart from any skeptical bias I may have as an anti-Trumper). I can’t put any anecdotal color on it. It’s a boom without a story attached, at least in non-1% blue coastal world. Anyone got anything?
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Maybe it’s cultural anxiety masking economic strength, but everybody I meet in the middle class is either holding position or gradually weakening. The rare people winning are winning in special-case ways, like somebody with a startup taking off etc. There is no broad-based boom.
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By contrast in the 90s and mid aughts it felt like everybody I met was winning or in FOMO about being left behind in easy-wins times.
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End of career boomers are crushing it. Racking up end of career salaries and padding their already cozy retirements. Seeing a lot of this in New England among friends parents. Seems gen x is being squeezed or held off by them too.
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Agreed. Feels like the symptom of financial engineering, fiscal & tax policy, and regulation more than any kind of industrial revolution.
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