Looking Toward The Next High

[pbrower2a]

(05-22-2018, 11:17 AM)TheNomad Wrote:

(05-21-2018, 07:34 PM)pbrower2a Wrote: Much of it depends upon how the Fourth Turning crisis ends -- victory or defeat, survival of Humanity/civilization/technology/capitalism...survival of the American political system was not a sure thing in 1930. This Crisis begins with a huge inventory of nukes in place instead of being recent introductions to the military arsenal at the end.

Thanks for the reply.  I guess I should ask, where do you think we are in America in terms of brackets?  If my view is sound, that we are kind of at the middle or end of the Crisis, it seems like it was not very "dramatic".  Seems to me if may have been a real "soft reboot" and we will see the changes happen in response to that.  Yes, 911 and 2008 were big events, and I know people who lost everything over the financial crisis.  But it was not much in terms of a huge war or a whole generation of people dying in the war or due to some plague or whatever.

OR, is there more Crisis yet to come?  That's what I am trying to figure out.

Yes. The de-industrialization of America will bring about a Great Devaluation of labor income. With the death of much of the retail (and probably restaurant) business, we could also see huge destruction of the valuation of many stock portfolios. If you thought that the economic meltdown of late 2007- early 2009 was bad, then wait until you see the next financial panic, when the economy stands to crash even more severely.  I expect Donald Trump will be the worst possible President in such a time -- Herbert Hoover without a moral compass -- as he pushes a speculative boom in shyster activities.  We will be caught with toll roads with no traffic and will have to 'socialize' them. Personal savings are inadequate to stop a meltdown of stock valuations.