Subject: Re: When will this have macroeconomic impacts?
Steve,

The German public after WW I was in a terrible long-term depression. Their wealth undeniably increased. The between the wars Germany consumer came back to life.

Today's economic impact on the US consumer is unemployment. Corporate profits mostly have been hitting highs. Things are fraying. The odds are things fall apart. The nations home prices are on edge or worse. Debt both public and private is untenable in a downturn.

The Nazis managed things. The US today is throwing away the management book. We are destroying markets.