Emil,

I must be less busy than you with all this Covid downtime - I had booked mark t this :)

I say your article doesn't stand the test of time either now,wouldn't you?

Americans household wealth is at an all time high. Of course, due to all the free money. But you can buy a lot of stuff with the free money still - it hasn't become worthless at all. Deflated relative to assets that capitalist pigs like ourselves like to buy; but for Joe Sixpack his beer and gas is quite affordable.
Thus this is by no means a silent depression, the FED and politicians have seen to that. We are of course screwing the next generation, and sure the government might come to me in 10 to 20 to 30 years and confiscate my wealth or the wealth of anyone not light on their feet and clever enough to get it offshore. Maybe I'll become your neighbor man.