You are our canary in the coal mine.
;-)
I am one of those “gloom and doomers” who is convinced the economy is due for an epic collapse—but we are definitely not there at this point.
The best essay expressing my view is this one:
https://www.oftwominds.com/blogsept23/corp-profits9-23.html
By the way, Japan's stock market crashed by about 80% between 1989 and 2003.
In November 1989, the Nikkei index sat at 38,000.
By April 2003, it was down to 7,700. An absolutely devastating downturn.
Even today, it is off it's 1989 peak (now around 32,000).
They survived it and always remained one of the world's top economies.
My point is that even if we had a similar downfall in the USA, we would still be a huge economy. There is just too much consumption for the entire economy to utterly collapse.