What is missing in all this analysis is that we have entered a world of cheap money and this is driving household worth higher than any other time in history. With burgeoning advent of bitcoin and its natural clones, i do not see this changing soon.
Yes Bitcoin really matters because it is dumping cash back into the economy at an accelerating rate outside of central bank control. In short savings are safely been recycled back into the economy for reinvestment.
All Good and add in the impact of the overall tax cut and the liquidity is exceptional.