Permabears do sometimes make good points but being permanent bears they're almost always wrong in aggregate, because they only ever have the same economic perspective, which happens to be the opposite of how things have played out (at least in the US) for almost one hundred years now.
To square that circle usually they have to turn to conspiracy theories, or dabble in economics just deep enough to skew it as unsustainable but not so deep that they understand how it actually works (see quantitative easing, FRB, "petrodollar", etc.).
Maybe (definitely) I've just spent too much time on the Internet because to me the whole "secret recession" stuff is just tired and wrong at this point. It's been over 15 years since the GFC. This kind of perspective feels stuck in the 2012 "ugh I got a college degree and now I work in a restaurant" Internet, when there have actually been several employment/growth booms since then.
To square that circle usually they have to turn to conspiracy theories, or dabble in economics just deep enough to skew it as unsustainable but not so deep that they understand how it actually works (see quantitative easing, FRB, "petrodollar", etc.).
Maybe (definitely) I've just spent too much time on the Internet because to me the whole "secret recession" stuff is just tired and wrong at this point. It's been over 15 years since the GFC. This kind of perspective feels stuck in the 2012 "ugh I got a college degree and now I work in a restaurant" Internet, when there have actually been several employment/growth booms since then.