Actually, they should be home sleeping so they can get to work in the slaughterhouses for their 2AM shift. Someone has to help their parents pay off their massive credit card debt!

IMO, there have been some pretty robust (comparatively) wage gains in America since 2020, relatively few layoffs until recently, a lot of savings from a bunch of places (deferred travel, a break from commuting and childcare costs), some other benefits (mortgage deferrals, locking in low mortgage rates, initially paying down debt, inheritances from dead relatives), and some really strong equities performance. Added together there are a lot of folks with sufficient resources to handle high interest rates so far when otherwise they wouldn’t have.

Of course, this is also why consumer spending and inflation have also been so resilient in the face of higher interest rates.

It’s supposed to be in theaters at the same times as Beheading 2: The Guillotines Come to America.

It’ll happen when the banks write off their downtown commercial real estate. Someone’s holding those ten trillion dollar sinkholes and we still don’t have anything to make those massive skyscrapers valuable again. At least everyone sees it coming this time even if we can’t do anything about it.