> The evidence offered is that the economy is doing well
I don't know if that's even well-defined based on the evidence presented - "a massive stock market boom".
The (USA) economy is doing OK, especially when compared to other countries that have made other policy choices and are faring even worse. But "stock market go up" is not the same thing at all as "most people doing better".
"High house prices" is also not a unambiguously wonderful thing. e.g. if you need to buy a house.
Likewise Low Unemployment is not great if all the jobs are no-benefits gig work and you need three of them to pay off your massive student or medical debt.
Lack of good consumer sentiment indicates this gap.
And this oversimplifying to the point of meaninglessness is why I'm sceptical of the article's point.
I don't know if that's even well-defined based on the evidence presented - "a massive stock market boom".
The (USA) economy is doing OK, especially when compared to other countries that have made other policy choices and are faring even worse. But "stock market go up" is not the same thing at all as "most people doing better".
"High house prices" is also not a unambiguously wonderful thing. e.g. if you need to buy a house.
Likewise Low Unemployment is not great if all the jobs are no-benefits gig work and you need three of them to pay off your massive student or medical debt.
Lack of good consumer sentiment indicates this gap.
And this oversimplifying to the point of meaninglessness is why I'm sceptical of the article's point.