Your Kids' Great Depression in the Making Harry Dent | June 17, 2019 | With all eyes focused on Facebook's cryptocurrency reveal tomorrow, what the Fed will do this Wednesday, and Slack's IPO on Thursday, all of which we'll address in the coming days, let's turn our attention to another major issue that is silently unfolding: the great baby bust. More than any of the current hot events, it will have a significant impact on the future of our economy and the success of your investments… Decades before births peaked in 2007, I was projecting it would happen. But how could I know that? Easy. Because births fall when the economy slows, especially in the Economic Winter Season, which we're in the latter part now. A warning: I've got to get technical here to make my point clear. Bear with me… The first wave of Millennial – or Generation Y – births peaked in 1990, at 4.16 million, just below the Baby Boomer peak of 4.3 million in 1957. The second wave, now increasingly called a new Generation Z or Zillennials, peaked in 2007 at 4.32 million, just barely above the Boomer peak. The Boomer plateau peak was 40 years after the Bob Hope peak in 1921. That's right on the typical 40 years generation cycle. However, the difference between the Boomer top in 1961 and the Y top in 1990 was just 29 years and between Y and Z was only 17 years. The generation cycle is collapsing in the U.S. and our next four-season economic cycle will be shorter, more like 50 years, taking us back towards the Kondratieff Wave average 60-year rhythm. That means we'll get the next Spring Spending Wave peak around 2036-37, an inflation or summer peak around 2039-40, and a fall bubble boom peak around 2055-56… and here's the kicker… a longer depression into around 2072/73-plus. That's bad news for today's young kids and future grandkids. The Fed's actions today, won't help them. Nothing Facebook or the next IPO or the Donald does will change this. Really, it's up to you to get them ready and we're here to help (something we're focusing on this week in The Rich Investor, so be sure to read your emails). Particularly because, besides the numbers, these economic cycles will also have different drivers going forward… READ MORE » How to Build a Recession-Proof Portfolio Chief Retirement Strategist Charles Sizemore will be taking over The Rich Investor all week to talk about something on everybody's mind… How close are we to the end of the bull market… and what can you do about it? He'll talk about Warren Buffett's worst advice… the three keys to a recession-proof portfolio… and more! Be sure to check your email inbox each day around 11am ET or click here to visit The Rich Investor. | Trending Stories... When my team first heard of this cycle, they thought I was crazy. They begged – begged – me not to publish anything about it. I did it anyway, and when people heard about it, many thought I was coo-coo. Some people still do. But this cycle has proved to be one of the best... The state of New Jersey is putting a stake in the ground. Or rather, a stake through the hearts of taxpayers and citizens. But that's nothing new. Anyway, Governor Phil Murphy recently announced the state government's goal to reduce carbon emissions 80% by 2050, compared with the 2006 levels. That's great. He plans to do... Never mind that China is the talk of the world, right now, what with the U.S.-China trade war in full swing, I've talked a lot about China's overbuilding bonanza since the 1980s… and especially since 2000 with total debt exploding 64 times since. China doesn't just print money like the rest of the developed world.... I haven't tried a Beyond Meat (Nasdaq: BYND) burger, but I want to. With all the hype surrounding the company, and restaurants adding it onto their menus, it just seems logical to give it a test run. What's the worst that could happen, I waste $7 and never do it again? My wife isn't convinced.... I recorded this video on Friday because last week's market action moved us closer to my second scenario in the greater Dark Window play, but I waited until today to send it to you because I wanted to see how markets opened this morning. Earlier, I wrote to Boom & Bust subscribers with an update,... |
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