Cool story bro.

But perhaps not bleak or cynical enough.

What you're overlooking is the broad realization among many, I think, that we are NOT all in this together.

Every major economic event of the last 3 or 4 decades has further gutted the middle class, and disproportionately harmed the (now larger) lower class.

That means there's room to be bullish on Tesla... "poor people aren't buying Teslas anyways, so what do I care about a bunch of them starving, if what I'm looking at is Tesla stock?"

Same for the working poor and housing. Why would the Wal Mart cashier losing their job have an impact on my home's value? They were never in a position to be a "market participant" and bid on my home, should I list it for sale, anyways.

Remember that old "oh noes what about the median home price to median income ratio?! if that gets too high and median income people can't buy homes, that means median home values must come down!" narrative? No, it doesn't mean that at all. Meanwhile, that ratio has gone to the moon in the SF Bay Area and Los Angeles, and all it means is a bunch of the working poor become newly homeless, and a lot of the established homeless people go ahead and die.

This all sucks balls and I am not endorsing any of it. But there's been a big divorce between the haves and have-nots, I think. We are no longer "all in this together" in many ways, including the economy.

I wonder when I'll start doing mortgages for Elysium.