That's a really interesting piece. Fortunately for the U.S., we have just passed through the nadir in the long term macroeconomic cycle. However, this will begin to really bite as 2040 and the next nadir approaches.
A lot will depend upon how the Indian and Central Asian economies develop during the same period. Russia and Europe are collapsing economically. China is a five millennia old introverted snake eating its own tail. The Arabian Peninsula is hobbled by Islam and ancient conflicts and, we are now past Peak Oil. Africa will only ever be a Juju-obsessed resource pot for others. South America is the only remaining question mark.
The Trump Corollary to the Monroe Doctrine certainly appears a wise choice for several decades to come. Rebuild domestically to ensure resilience.
I have been reading a lot of articles on current economics lately. Generally, they all discuss the erosion of the dominance of the US economy and the impact of losing the dollar as the reserve currency.
That's a really interesting piece. Fortunately for the U.S., we have just passed through the nadir in the long term macroeconomic cycle. However, this will begin to really bite as 2040 and the next nadir approaches.
A lot will depend upon how the Indian and Central Asian economies develop during the same period. Russia and Europe are collapsing economically. China is a five millennia old introverted snake eating its own tail. The Arabian Peninsula is hobbled by Islam and ancient conflicts and, we are now past Peak Oil. Africa will only ever be a Juju-obsessed resource pot for others. South America is the only remaining question mark.
The Trump Corollary to the Monroe Doctrine certainly appears a wise choice for several decades to come. Rebuild domestically to ensure resilience.
How does one determine that we have passed through the nadir of the long term macroeconomic cycle?
I have been reading a lot of articles on current economics lately. Generally, they all discuss the erosion of the dominance of the US economy and the impact of losing the dollar as the reserve currency.