From March 16, 2020 (Covid scare reality / market-drop), the marketcaps of Top 10,000 traded companies has doubled (from low $70 Trillion USD to low $140 T)

But bullion has done even better (particularly past month).

So — extrapolating — I'd recon the USD is inflating away its problems (mostly: itself).

I don't think it's low-key at all, it's plainly obvious that there's a recession "on the ground" except that people's stock portfolios are being spared. If you're looking for employment right now or at prices for staples it's pretty dim.