Agree. The article reads like a college professor dooms day dream.
We only have ourselves to blame for this current economic cycle. We fed the housing market and flipped homes like pancakes. We borrowed money beyond our means and happily accepted low adjustable rate payments. The banks sold off the loans and re-loaned us the money.
So now the house of cards comes tumbling down. Nothing wrong with being needy, but when you’re greedy the economy always finds a way to bite you.
Welcome to reality.
You are precisely correct. Kudos.