Comment by 0x_rs

That's the part where "unprecedented wealth inequality" comes in. By most metrics, 2024 was an excellent year and the US was far ahead other developed countries [0] in growth, labor market, consumer spending, net household wealth, and much more; the fundamentals were solid and no figures could point to a major economic downturn at that point, certainly not in a predictable manner. In 2025 the 90th percentile accounts for over half all consumer spending, the median household hasn't reaped the same benefits high-income, high-spending ones have. There is no indication this will change, and may get worse with the current and proposed policies.

0. https://www.ft.com/content/1201f834-6407-4bb5-ac9d-18496ec29...