
GoofyDonut
19mo
The real US economy really has been shrinking for the last 15 years. They've moved from industrial capital to finance and tech fuelled speculative growth. Each so called "recovery" has been from an ever increasing debt level.
Hudson did an excellent analysis on this recently https://geopoliticaleconomy.com/2024/08/07/stock-market-crash-financial-crisis-michael-hudson/
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