Almost everywhere these days, you hear about the “Everything Bubble,” with the US economy seemingly on the brink of popping and undergoing a major correction, especially as the only sector to see any sort of real activity is tech/AI.

Now, could someone who understands this economy stuff better than I explain why it would be as dire as people claim? Can’t the Fed just turn on the money printer like we did after 2008 or after COVID? Like, a lot of people suffered during those events but global capitalism basically hummed on like nothing happened. I hear people talking about the “Everything Bubble” like it would be the Great Depression but as far as I can tell the only thing that would cause a truly catalyzing crisis would be an environmentally-induced collapse in supply chains. Which I’m sure will happen in the long-term given how the US and Europe are approaching climate change, but I don’t think it’ll happen due to a large-scale dot-com market correction.