Generally, when sentiment doesn’t match the statistics, it indicates that you’re gathering the data wrong more than it indicates mass public hysteria. Not that mass public hysteria does not happen.
They’re measuring economic productivity based on the horse trading of exponentially increasing asset prices, while ignoring that people are renting more, living in worse accommodations, having less access to transport, and are eating a worse diet. Just because a small percentage of the population is getting rich on paper doesn’t mean the majority will be persuaded that their economic situation isn’t in free fall.
They’re measuring economic productivity based on the horse trading of exponentially increasing asset prices, while ignoring that people are renting more, living in worse accommodations, having less access to transport, and are eating a worse diet. Just because a small percentage of the population is getting rich on paper doesn’t mean the majority will be persuaded that their economic situation isn’t in free fall.