It is over. They are trying to turn America into an NVIDIA data centre only for it to go bust.

What makes you hopeful that this year is like the other years, and not more like something unto itself?

The bears will be right eventually. But they'll be wrong many times in a row before that. And we'll pull through, eventually. I'm a long-term optimist, so I'm not particularly worried about when the next downturn will be.

2016 socio-economy and 2025/6 socio-economy are vastly different.

Go look, you see these types of articles every year, not just 2016.

In other years, the US was not threatening to annex allies, blow up NATO, etc. To speak in Hacker News terms, the world is slowly and increasingly faster going to rebase away from the US. Sadly for the US, their biggest arch enemy (besides DEI), China, is going to benefit from it hugely.

Frenemies that play according to a rule book are more worthy than frenemies that have gone insane.

In other years they used similar excuses like China and then Trump in 2016 and then Covid, then J6, then Covid again… Again, doomer mentality.