every measurable metric except for Gdp and consumption which isn’t really a win at all.

So much of US GDP is tied up in the FIRE sector anyway. Housing is overinflated. Insurance is overinflated. Tech is crazy overinflated. It’s something of a joke to say the US is outrunning China when US businesses are touting triple-digit P/E ratios following decades of low-interest borrowing and bailouts.

And with all the consumer goods prices skyrocketing, you have to wonder how long American excess consumption can even last. $4-6/gal gas isn’t going to be any kinder to the US Automotive market today than it was during the Bush Admin.