[joelbluminator]

> there is finally “nowhere to go” but down

That's definitely possible but it can definitely still "go up" - even for years. We're already used to debt to gdp being around 130% in the U.S (which a decade ago would have been unthinkable), who says it can't go to 200%. These numbers lose their wow effect really quickly and we all get used to them. In fact, breaking the current dynamic is so hard and risky that central banks are tempted to stretch the debt further and further to prevent a market crash and a recession. And yet there's inflation for real now, a sign things maybe can't go on like this for long.

I really have no idea but I'm not brave enough to make predictions over such a random thing as where the economy goes next year.