Housing prices are significantly off their peaks, for instance, but have still increased by roughly 20 percent since January 2000, after adjustment for inflation. And we remain wealthier now than we were at almost any other point in the past (per capita disposable income is about 18 percent higher than it was a decade ago). If the good times are never as good as they seem, neither, perhaps, are the bad ones so bad.
Chill out people! Maybe the world isn't coming to an end. If anything, we are falling for recency bias, which is what got us in this ridiculous quagmire in the first place.
Posted over 4 years ago
brad jackson upvoted this
Vincent Chu said