Financialized AI (debt: ~$2T), private equity (zombie debt: ~$4T), government spending ($7.2T, debt: $39.9T), and the very rich (and up) are the economy right now. Everyone else is/has pulled back and is hurting because of rising prices and job uncertainty.

Don’t worry, it’s all over the world. [1] [2]

[1] https://www.wsj.com/world/india/500-000-applicants-583-jobs-...

[2] https://www.nytimes.com/2021/07/03/world/asia/china-slackers...