BreadManPanarin
Registered User
- Mar 15, 2017
- 4,599
- 4,237
It astonishes me at how all the people who go marching in the street over social issues that are largely irrelevant to their daily lives sit around idly while the government kneecaps their retirement funds.
That is because most people have little to nothing saved for retirement. Most of the people on this board probably are in the to 10% of stock holders and I know for a fact Im not rich by any means.
Who Owns US Stock? Foreigners and Rich Americans.
Social issues effect their lives, most people in the country have no stake in the stock game. The separation of wealth, even in the USA is getting worse every year.
Interestingly this is completely expected to happen at this point and not even a bit surprising based on the Strauss Howe Generational Theory.
Strauss–Howe generational theory - Wikipedia
According to this theory history is cyclical, repeating after four 'turns,' each lasting 20-25 years. The first turn is the high, a period of relief after the previous period's crisis has ended (the last one was WW2, approx 80 years ago). The second turning is an awakening, when people start to get back to reality after the high. The third turning is an unraveling, in which people are unhappy with the way things were in the previous two turnings and are now becoming pessimistic about the future. Finally, the fourth turning is a crisis; some unexpected major event that will involve everyone and completely change the way people think from before the crisis occurred to after it ends (sound familiar?) Then the cycle begins again with a new high.
According to the theory we entered the Fourth Turning of this particular 80 year cycle in 2008, and we are due for our next major crisis by ~2028. At this rate I'd be surprised if it takes that long. Social cohesion seems to be rapidly unraveling since Covid emerged.
The good news is that if this theory plays out the crisis will inevitably be followed by a recovery (albeit after much pain). The bad news is that this theory is not bullish for stocks or general economic prosperity over the next decade. LOL
If nothing else, it is an interesting theory.
https://www.amazon.com/The-Fourth-Turning-audiobook/dp/B00005UPTV/
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