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it's in an unsustainable upswing. Any time you have the bottom 40% scrapping for 3% of the wealth your economy is in trouble. Any time you've borrowed TRILLIONS of dollars your economy is in trouble. Any time you've failed to prepare for a mass retirement that's going to start in 7 or so years when the baby boomers reach that age, your economy is in trouble.
So yes, I would say it's in the shitter, and it's swirling around the bowl as we speak. It just hasn't completely gotten down the drain. Yet.
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