There has not been a recession since 2009. Way too long, and since the 2000-2002 recession all we have done is use the Fed as a piggy bank.
This is the equivalent of what the West coast does by not doing cleanup of dead wood.
Once on the other side of this blood letting conflagration there will be new shoots growing - hopefully they will be capitalist and not communist
You’re right. The shutdown camouflaged the inevitable market correction. The Pier 1s and JC Penneys are like dry brush. I do hope small businesses can recover.
But this is not like the DOTCOM bubble burst. This time it is the tech stocks propping up the market.