Why? It's simple: for 20 years we've over-invested in speculative bubbles and squandered borrowed money on consumption and under-invested in productivity-increasing assets.
https://www.zerohedge.com/markets/its-over
AND HAVE A NICE DAY
>20 years
It is cyclical and goes back much further than 20 years. But with the increasing speed and decreasing cost of global shipping, it's gotten worse since WW2. Modern social development, particularly urbanization, trades self-sufficiency for availability.
>it's gotten worse since WW2
Been great for Asia.
>Nothing is going back to January 2020 levels.
But, $6 TRILLION dollars.
I don't know, we'll see. Humans are remarkably good at perceiving reality in ways that match their desires.
>But, $6 TRILLION dollars.
I wish I owned a liquor store.
Related, imho.
https://www.theatlantic.com/magazine/archive/2020/03/the-nuclear-family-was-a-mistake/605536/