Where on earth do the folks who are predicting that the economy is not going to slip into a deeper recession/depression get the crack they’re smoking? Where do they think the resources are going to come from if the US continues on the current path?
True unemployment/under employment is closer to 18%, the majority of Americans are deep in debt, education in this country is a joke, over 32% of the country is obese, the population of older Americans is growing fast, health care costs have increased dramatically in the past decade (while incomes have not), and the environment is a very distant afterthought to profits.
The economic booms of the past 20 years have been corporate driven/ government supported Ponzi schemes. The only thing I can guess is that there’s some new Ponzi in the works … Soylent Green anyone?