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>I'm not saying we won't ever have a huge recession again, of course we will, but I don't see a current real indicator of it.

What? Are you just ignoring to ignore real estate bubble 2.0 (empty properties kept by speculators but at the end of the tunnel the price will implode when nobody has money to buy), the average length of car loans exceeding 5 years as people push out for lower and lower monthly minimums because they otherwise can't afford those $50k trucks, and other elephants such as medical and student loan debt?




The funny thing is people are doing all that with resignation rather than exuberance this time around, at least that’s the zeitgeist I perceive.

I’m guessing the fact that they’re doing it is the significant part, but it does feel different to earlier times.




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