Approximately 14 years of incredibly irresponsible fiscal and monetary policy created an economy reliant on cheap money, debt, non stop artificial stimulus, a runaway increase in the money supply, and multiple overinflated bubbles. All that irresponsible behavior can not be unwound overnight and multiple bubbles need to be deflated which will lead to a prolonged period of pain. When the $hit storm finally passes hopefully people will finally realize it’s necessary to live within their means and only purchase what they can afford and not what they can borrow. Stay tuned!
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