The more disturbing thing that we are entering is a K shaped economy.
The consumer base of the United States has split, the wealthier part is doing better and spending more, the poorer part is doing worse and spending less. You have diverging lines like a K
One of the scariest things going forward is that the consumer base of America used to have an economic protection in that the economy depended on not crushing the consumers. With the split in the consumer base the poorer part now represents less and less of the GDP, down to near 10%. This removes the incentive to protect them and we will start seeing more and more bifurcation in the haves and the have-nots.
It remains to be seen if the have-nots will accept this, so far the American population has been pretty accepting of the slowly ratcheting person crushing machine that is late stage capitalism.
I guess doing the frog-boil dance wasn’t much use as an ultimate solution, huh?
No.
Already there.
Heading into the “find out” phase.
I’m nearing the eat the billionaires phase but to each their own…
Let them eat Argentinian beef
We’ve been there for a while tbh
No, because there was never a let them eat cake phase.
I’ll take some cake! Red velvet, real cream cheese icing. Make it snappy!
