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Is This Going to Be a Good Thing?
After a decade of revelling in this binge economy, our new economic reality is going to push us back to a place of more moderate consumption. I see this already happening, and i think it's a very, very good thing. Does that mean we're going to go all the way back to the way it was? No. And so it's sort of two steps forward, one step back. The penduluns may begoing to swing back in a way that we can find a new equilibrium that might end at being healthier for us in the long run.