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?
Conversation
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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I'm feeling like there is a complexity shift upward away from tangibility to this weird "because I said so" valuation structure. Like if SoftBank gave you 11b you could turn it into "infinity billion" by laundering it through acquisitions. This is the new winning
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Yeah but a fresher version of it. Like it's the new 80s consumer electronics market and not everyone can afford to buy the fancy brand/high value companies. The people on the lower tiers behave as if they're winning but they're not even in the market.

