I've been hearing about an eminent mega depression for years (coincidentally from your global neighbor, Mikael Syding back in 2016) and Zero Hedge. More recently I've been hearing about scares of hyperinflation on the scale of Weimar Germany (the guy from the movie/book The Big Short, Michael Burry, that predicted '08 has been warning of this lately).
While the finance world does seem increasingly reckless, I think our fear of a depression has a lot to do with our mind being programmed to expect it after dotcom and '08. A lot of the recent bubbles and busts have been within the crypto space, and I think it's within that space that there genuinely is a world of real opportunity that we're on the cusp of realizing.
And are other innovations within the greater tech ecosystem that we are so close to, namely in automation, that'll reduce scarcity and improve out lives. Social programs in the US seem to be gearing up and ready to take on any near-term setback that automation will bring.
So I'm personally net bullish on the economy for the next 10, 20, and 30 years.
We also hear about the total collapse the US government and the US going away.
As for hyperinflation, that is an impossibility even according to classical economics in this era. Cannot have it without a high velocity of money and wages increase. The only think we might have is commodity inflation and that is cyclical.
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@autocrat , thank you - I need opinions like that so I can stay optimistic! There are some days that really get me thinking and I start to get somewhat pessimistic about the market - "everything seems to Peak"! But as you point out when technology prosper so do the economy and the markets. Lets keep that in mind :)