> 'this time it's different'

I remember reading this a lot in 2000-2001 and 2007-2008

That said, overall I sort of agree with your assessment except for having any optimism that the US changes course.

The current looming problems with the US economy are almost entirely unforced errors of the Trump administration (they could have done basically nothing and taken credit for the Biden soft landing and economic growth) but they aren't going to course correct.

Trump has no ability to admit mistakes even to himself and he's now surrounded by lots of people who stand to enrich themselves from the chaos even as the average American is harmed greatly.