Dating the timeline of financial bubbles during the subprime crisis
al.) who will go forth creating untold wealth from super-savvy deal-making that un-does all the self-defeating malarkey of the detested Deep State technocratic regulation regime of recent years.
The main signs in the sky, they say, are the virile near-penetration of the Dow Jones 20,000-point maidenhead and the rocket ride of Ole King Dollar to supremacy of the global currency-space.
Some of you may recognize this as the World Made By Hand scenario. Similarly for “infrastructure” spending touted by the forces of Trump as the coming panacea for economic malaise.
I suspect most people assume this means a trillion-dollar stimulus spend on highways and their accessories.
The current narrative weaves an expectation that manufacturing industry will return to the USA complete with all the 1962-vintage societal benefits of great-paying blue collar jobs, plus an orgy of infrastructure-building.
And, of course, the computer tech fiesta was blossoming, but for all that glitzy stuff to attract dwindling real capital, other old stuff had to go, and did go, and when all was said and done the computers did not generate much wealth or social value.
And now there ought to be some question with the election of 2016 that they have engineered all of this system fragility to blow up on Mr. Instead, Donald Trump has been elected Designated Bag-Holder.
About That “Big Fat Ugly Bubble” and its Consequences Part 1: History Lesson The USA ran out of growth capacity around the turn of the millennium because we ran out of energy to run our techno-industrial economy.
New state-of-the-art factories would require an Everest of private capital investment that is simply impossible to manifest in a system that is already leveraged up to its eyeballs.
Even if we tried to accomplish it via some kind of main force government central planning and financing — going full-Soviet — there is no conceivable way to raise (borrow) the “money” without altogether destroying the value of our money (inflation), and the banking system with it.