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We really need to redefine “economy” to actually include ALL the parts, not just the stock market and investment portfolios.
sorry, best we can do is remove “volatile” consumables noone needs…like the price of gas/food/housing, silly stuff like that.
The American economy is booming the same way you feel hot when you have a raging fever.
NVIDIA -> Companies using NVIDIA -> NVIDIA
And tech infrastructure for AI, which feeds the above loop.
It’s becoming more and more evident that the higher classes can and will be the only ones able to spend. If a wealth tax (and other measures to redistribute wealth) aren’t introduced, there will only be a two class society.
Consumers are taking on record debt.
