Well worth a read if you have some time: https://www.oaktreecapital.com/insights/memo/further-thoughts-on-sea-change
Howard Marks cuts through the BS and lays out where the US economy has been and where it may be headed next. His thoughts on numerous probable consequences elicit a great deal of thought (IMO) and how things may affect investing in Australia. It seems to me that "normalcy", as Howard puts it, is not going to be an easy ride indeed.