Something has been going very wrong in the US economy for a very long time, and whatever is going wrong accelerated from 2009 to the present.

Those expecting some centralized, political-administrative “solution” will be disappointed, as the political-administrative “solution” is actually the problem.

Value varies. Invest in what’s valuable.
It’s a well-recognized human bias to feel losses more acutely than gains. Perhaps something similar occurs with inflation.

Does anyone really believe that the renunciation of massive, sustained stimulus of speculation in housing would leave housing valuations unchanged because valuations are solely the result of “shortages”?

If we compare health and endurance, well-being, security, general attitudes, family and community ties and values, we would conclude that it is we who are impoverished.

Should stock valuations track this same decline in profits, it’s entirely reasonable to expect the stock market to lose 2/3 of its valuation premium.