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The fact that US laobr force participation rate has dropped to the lowest level in 50 years - which most seem to attribute to “people giving up on getting another job” - may also help explain why so many people feel bad about the economy.

Last I checked we’re still in a low hire/low fire cycle with jobs, and anecdotally, at least among people I know, finding a new job right now has become WAY harder than it was two years ago.

How many people? The thing I find funny about those who point to the numbers and say "we're good! Everything is great!" don't seem to remember Peter Jennings talking about consumer confidence at least once a week back in the day. Like, the numbers don't mean shit if people don't FEEL them, ya know?

Like, people are not fundamentally rational, so neither is the market. Stop acting like a rational view is all one needs to figure this out.

I am also people