As someone who considers themselves to be pretty motivated and entrepreneurial, I look around and see very little opportunity. Businesses that actually make money trade at all time high multiples while funding for a new business is non existent. Want to buy a business? Good luck, high interest rates squeeze margins to nothing.

The financialization of housing means you’re competing with massive hedge funds when you want to buy a home or invest in real estate.

Incredible government defect spending ensures more inflation which will outpace salary increases.

This is how I’ve heard the late 70s/early 80s as being described: general malaise.