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Showing posts with label economy. Show all posts
Showing posts with label economy. Show all posts

Monday, June 24, 2013

Neil Howe: The Fourth Turning Has Arrived

by Adam Taggart



In 1996, demographers William Strauss and Neil Howe published the book The Fourth Turning. This study of generational cycles ("turnings") in America revealed predictable social trends that recur throughout history, and warned of a coming crisis (a "fourth turning") based on this research.

Fourth turnings are defined by disorder and great changes brought on by a breakdown of the systems and operating principles that dominated the prior three turnings.

Our society has entered a fourth turning (consisting of the twenty-year periods leading up to and out of it immediately.)It is a season you have to move through before you are born again -- so to speak -- as a society, and regain institutional confidence. You have to go through a crucible to get there.
I think the fourth turning started -- probably, if I were to date it now -- in 2008: the realigning election in that year of Barack Obama against John McCain. And, obviously, simultaneously with that, as we all recall, an epic, historic crash of the global economy from which we still have not recovered.
We are sort of hobbling along in kind of a low-earth orbit, with continued high unemployment and excess capacity -- not just in the United States, but around the world. And, of course, all the rules of economic policy seem broken and lie in fragments on the floor. People are wondering what the heck do we do in this new era. 

Saturday, May 25, 2013

America’s Bubble Economy Is Going To Become An Economic Black Hole

By Michael

















What is going to happen when the greatest economic bubble in the history of the world pops?  The mainstream media never talks about that.  They are much too busy covering the latest dogfights in Washington and what Justin Bieber has been up to.  And most Americans seem to think that if the Dow keeps setting new all-time highs that everything must be okay.  Sadly, that is not the case at all.  Right now, the U.S. economy is exhibiting all of the classic symptoms of a bubble economy.  You can see this when you step back and take a longer-term view of things.  Over the past decade, we have added more than 10 trillion dollars to the national debt.  But most Americans have shown very little concern as the balance on our national credit card has soared from 6 trillion dollars to nearly 17 trillion dollars.