I know it's hard to buy a house right now and some people have been laid off which is always the worst and prices are still too high. But I must say that the economy seems more "normal" than it has in a long, long time.
Private Equity is paying a ton of money to borrow. Startups don't raise at billion-dollar valuations on a dream and a white-paper. Monkey NFTs are worthless. Several crypto currencies that seemed like thinly veiled scams are basically dead. China has stopped building empty cities.
This all seems pretty good. If the US Government wasn't staring at a mushroom cloud of unsustainable debt without future interest rate decreases, I'd say things are down right peachy.
Private Equity is paying a ton of money to borrow. Startups don't raise at billion-dollar valuations on a dream and a white-paper. Monkey NFTs are worthless. Several crypto currencies that seemed like thinly veiled scams are basically dead. China has stopped building empty cities.
This all seems pretty good. If the US Government wasn't staring at a mushroom cloud of unsustainable debt without future interest rate decreases, I'd say things are down right peachy.