http://www.zerohedge.com/news/2013-12-1 ... -continuesOne topic no-one is really discussing is a US recession in 2014. We should start to at least consider the risk given the maturity of this cycle. By the end of 2013 this expansion will be 54 months old which is longer than the average of 39 months (median 30) since data started to be compiled on US business cycles in 1854. The average in the 100 years since the Fed was formed in 1913 is 50 months (median 42). This cycle is now the seventh-longest of the 34 cycles since 1854. Economists will explain that recessions don’t die of old age but because of imbalances that they might argue are not yet present. However consensus never forecasts a recession in advance so one has to find other ways to help us identify the end of the cycle. Across most other regions, business cycles have shortened post the GFC with many economies experiencing a dip into negative territory again sometime between 2011 and 2013 after the recovery in 2009 and 2010. A lack of policy flexibility (fiscal and monetary) post crisis is our main explanation. The US has just about escaped this due to extraordinary monetary and fiscal stimulus. However with both likely on the retreat at the same time in 2014 it’s prudent to acknowledge the already mature length of this cycle.
http://www.zerohedge.com/news/2013-12-1 ... discussing
One other point of correspondence is the end of alcohol prohibition.We are five years into the Crisis that will not resolve itself until sometime in the 2020’s. No one can predict the specific events that will fundamentally change history over the next decade, but the catalysts of debt, civic decay and global disorder were evident sixteen years ago when Strauss and Howe wrote their prophetic generational history. The volcanic eruption occurred in 2008 when the worldwide financial system blew and the molten lava continues to spew forth and flow along the Federal Reserve created channels, protecting the corrupt establishment while incinerating senior citizens, the working middle class and Millennials. Deep within the volcano the pressure is building again as the mood of the country darkens. It will blow again and the economic, social, political and military distress will catalyze into a catastrophic emergency that will tear the fabric of the country asunder. The existing social order will be swept away and replaced by a new paradigm which could be better or far worse.
http://www.zerohedge.com/news/2013-12-1 ... -1-reaping
“At least once every human should have to run for his life, to teach him that milk does not come from supermarkets, that safety does not come from policemen, that ‘news’ is not something that happens to other people. He might learn how his ancestors lived and that he himself is no different–in the crunch his life depends on his agility, alertness, and personal resourcefulness.” - Robert Heinlein