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The timing of finally embracing risk and sacrifice as the only option left is exquisitely sensitive: finally caving in a moment too late leads to the system collapsing beyond recovery.

Absent demand from tens of millions of wealthy, high-income buyers, asset valuations will fall as Boomers sell off assets to fund their retirement.

Following the conventional path is a deadend. It isn’t easy to carve a path outside the well-worn pathways of debt servitude, but it is possible.

AI is for the peons, access to humans is reserved for the wealthy.

If this is what passes for competence while we cheerlead “the Roaring 20s”, then our delusion has reached “what looks like a permanently high plateau.”

The best thing that could happen to America would be the destruction of its credit card and a deep, prolonged recession that emptied the punch bowl of phantom bubble wealth and the illusion of endless credit.

The prospect of a 60% or 80% decline in the NASDAQ index is only horrifying if we stay invested in the index all the way down.

If we add up all these tidal forces, the conclusion is self-evident: labor “inflation” has just shifted into second gear.

When predicting the future, we’re best served by following “what benefits the wealthy and powerful,” as that is the likeliest outcome.

We seem to have entered a world of anti-leisure and anti-productivity in which the unpaid “shadow work” demanded to keep all the complicated digital bits in motion obliterate our leisure and productivity.

Maybe we should rephrase the slogan to “you’ll appear to own things you don’t actually control and be happy.”

So where does this leave us? We’re on our own.

As a result, a significant percentage of households that are considered middle-class are one misfortune away from insolvency.

The net result is America’s working class is up against the wall, maxed out.

Once we’ve made “digital visibility” the primary source of our identity, status and self-respect, we’ve doomed ourselves to wandering, compass-less, in a vast artificial wasteland.

No wonder so many people devote themselves to curating an artificial digital representation of themselves that they reckon is worthy of recognition and status.

Mere mortals are left in a hopeless situation. In response, they’re withdrawing from the competition en masse.