I once accidentally ran over my credit card with my car after a mishap at a parking garage pay station. Still works fine, though it does have some road rash. Lets see an iPhone do that!

People said similar things in Japan in the 90s, and then had three decades without growth. When an asset bubble pops it’s not guaranteed the bubble will blow back up. This is a good strategy of course, but there’s no law of nature that the line always goes up. With the instability and debasement of the US economy it’s the most vulnerable they’ve been in many decades. I hope you’re right, but there’s a terrifying possibility things get even worse.