This was all predicted 10 years ago (by Peter Turchin)
“Very long ‘secular cycles’ interact with shorter-term processes. In the United States, 50-year instability spikes occurred around 1870, 1920 and 1970, so another could be due around 2020. We are also entering a dip in the so-called Kondratiev wave, which traces 40- to 60-year economic-growth cycles. This could mean that future recessions will be severe. In addition, the next decade will see a rapid growth in the number of people in their 20s, like the youth bulge that accompanied the turbulence of the 1960s and 1970s. All these cycles look set to peak in the years around 2020.” – Historian Peter Turchin, Nature magazine, February 2010
USAGOLD note: Mauldin hits on themes we have emphasized here at our live daily newsletter in recent weeks including the latest from Peter Turchin (as published in a recent Atlantic Monthly profile) and a mention of Neil Howe’s Fourth Turning (which we featured in the December issue of News & Views). In the recent past, Mauldin has raised the possibility of an “unprecedented financial crisis” within the next five years. He is a deep-thinker worthy your attention.
Repost from 12-7-2020