Agreed. We're going to make it.Quote from Tsing Tao:
to say the country is in it's "end game" is too severe.
Which is why we need to start retaining a surplus, ie. savings, when we're in an expansion phase, and quit with the "taxes are too high" excuse to burn it up.
each administration and congress has continued the "not on my watch" bullshit. recessions are a necessary cycle of the economy. preventing a recession by artificially borrowing from the future does nothing but make the inevitable recession down the road that much more powerful.
Re your waves of bad times... yes and no. We're rich, most of the rest of the world is poor. We won't experience the full brunt of the worst of the bad times, that's reserved for the poor. Of course, instability has effects.