My argument so far has been: The economy is poised to crash into recession. A precipitating global event is needed for that to happen. I thought #2 would be China’s invasion of Taiwan — a maneuver that China is being manipulated into, just as Putin was manipulated into invading Ukraine. It turns out that I might be wrong about that event being the one. It seems that Hamas, with explicit assistance, direction and funding from Iran, invaded Israel this week at very high cost of life, in a conflict that will have wide-ranging implications for the region and the world. Whether it’s this or something else, something will cause the dominos to fall and it will happen this quarter.
Consider we have added 8plus million adults emigrants to the 10t020 already hear they are being "kept " by the government keeping rents and property values up. Unemployment is rising. A recession is when the wife looses her job, a depression is when you loose yours. The global plan for 2030 and 20 40 is to put more people in the existing space. Poverty forces this and poverty will come through carbon taxes and restrictions.
Your theory is right but the Global plan is not business as usual. You are driving forward looking in the rear view mirror. The bridge is out!