It is perplexing but I feel like there are 3 main components contributing to it.

• No reserve requirements for banks since March 2020 (This is part of why we aren't seeing 2008 style bank failure)

• Glow Up from Extra work and Inflation. People are working 60 hours / week and having to burn through all their savings and run up credit lines to survive but that is keeping money flowing

• H1B Scammers / Illegal Invaders and AI acceleration. The H1B replacement workers are working for salaries that would have been paid 20 years ago and then those using new AI models are able to do 3X the work they previously could if not more.

• 4th Bonus....... banks are likely adjusting terms vs being as aggressive with foreclosures like we saw in 2008-2010 so we haven't seen the real estate collapse in commercial or residential nationwide even though a lot of high rises are primarily vacant and there is a huge debt crisis.

It's all a house of cards but it is surprising it hasn't completely imploded yet.