Funny thing happened Thursday. Both Jamie Dimon of JP Morgan Chase and Michael Burry of "The Big Short" fame observed that the economy has 3-6 months of excess savings left over from the pandemic and that once that's gone shit's gonna get spicy. Then Friday The Daily Shot came out with a graph breaking down excess savings by quintile that revealed everyone but the top 20% in the country is already broke - but that's okay because they're 60% of purchases so from an economics standpoint both Burry and Dimon are right!

From a sociopolitical standpoint, they're wrong. There's going to be an unwinding. I'm hopeful it won't be too terrible, but past experience has been that "terrible" is in the cards with dreary regularity.

Would love to see that quantile graph. Yeah I mean, what else but terrible is even possible at this point. You start looking at evictions; a looooot of others, mostly minorities, are behind on rent with no real change since the pandemic started, teachers are saying fuck this probably to shitty parents and to the thought of them and their students getting fucking murdered in the classroom; I really hate myself for sharing McKinsey analysis but holy shit they are showing some bleak shit for nursing jobs in the USA. And gas prices, and housing, and the job market, and the stock market...the list goes on.

It's just, like, we've fucking broke everything. "We" being not ... we ... and people like most of the people on Hubski, we'll largely, tangibly, be fine, but so, so many people are fucked, and I don't see anything short of disaster happening.

Gimme some optimism.