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The United States in 2017 existed in a peculiar state of economic optimism. On the surface, the indicators seemed strong; the stock market was reaching record highs, corporate profits were robust, and the unemployment rate had declined significantly from the depths of the Great Recession. This backdrop of prosperity, however, masked a growing and often unseen crisis, as the nation’s net worth and the security of its citizenry were increasingly defined by a dangerous game of financial extension. The year 2017 served as a critical snapshot of an America that was richer on paper but profoundly vulnerable underneath.
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