Globally speaking the world economies fundamentals are absolute dog shit. Fact is last year the baby boomers started their mass retirement. That means all of the extra money sloshing around the system is gone, gone forever. Their putting their money into savings, t-bills and stuff that isn't volitile and that's a structural change.
The reason for low unemployment is that said entire generation is fucking leaving the workplace forever. And corperate america did not invest in training new personal in pretty much any industry. So they have no choice but to train people and they destroyed any loyality their employees ever had to them by acting like well utter asshats for decades so their just going to take that training and go to who ever pays the best.
But immigration you say?
Pretty much the entire world is greying and you have a civilizational wide populist revolt.
Yup, most of that corresponds with my analisys, too.
Boomers and Millennials though are not as well off as you might think, so I think at least some will be forced to continue working after the customary agr of retirement.
And let us face it, Zoomers and Millennials are lazy and entitled and they believe all sorts of stupid shit and suffer from social media addiction.
Another big drain is the trend of younger people just checking out and "lying flat" and much of the overseas investment coming into the USA will be redirected because of the sanctions that made the dollar/West look less like a safe haven.
And we haven't gotten through all of the problems the lockdowns caused, either.
Now, a smart president and FED chairman would have done something to mediate the situation, the USA only has Brandon and J.
The crash will be pretty big.
Fun, interesting times ahead.
