Agree. And certainly worthy of more study. The question is, is the divergence as large as the folks who want you to buy their newsletters (or sell you gold) claim?
The truth, as always, is somewhere in the middle. I’ve been around long enough to have a jar of very large grains of salt for reading the rants from the doom-and-gloom crowd. Problem is, we almost did melt down a few years ago, and I have seen little done to address the root causes of that meltdown - in fact, in some areas it is even worse, as Dodd-Frank has instutionalized too big to fail, just for one example. So if nothing positive is done, one of these days the gloomers will probably be right again, albeit probably for the wrong reasons.