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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 395.80+0.1%Dec 15 4:00 PM EST
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To: Maurice Winn who wrote (142405)6/29/2018 3:30:27 AM
From: elmatador  Read Replies (2) of 218511
 
Long ago when we had real economy. Then in the 70s, advanced countries' growth stalled.

The natural move would have been growth to move where it was necessary, aka, capital spreading ore evenly.
It didn't happen for several reasons. But let's not dwell on these reasons and explain what happened

To the US under the pressure from Germany and Japan with brand new factories and methods taking their markets reacted:.Industry was downsized. reorganized and thousands were fired.

Whole regions, where strong unions ruled were left behind to decay.

we need to give the credit of providing a reaction to what was a happening in the advanced world.

Meanwhile the Europeans could say their social democracies were better in dealing with the mayhem than the Americans.

Then to add a further complication Cold War ended. But the world was not ready for all the implications of the end of the Cold War.

By 1989 when the cold war ended and Berlin Wall fell, the advanced countries economies were becoming financialized.

Again the world was not prepared for the financialization of the economy.

Millions of jobs and pseudo-jobs were destroyed by the Cold War end.

The lucky ones were the ones whose age allowed them to retire before the effects of all those macro economic upheavals hit.

The younger ones entering the work forces at the end pof the 90s, were doomed not to have the same easy life the babyboomers had.
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