The End of Current 17.6 Year Phase of the Long 72 Year Economic Cycle
We have said for some years, that October 2017 will be an important juncture in the long Cycle, the current portion which started in early 2000. We mistakenly thought that it would mark the point at which a major economic base would have been built after repair had been put in place after the 2007 – 2008 crash. But that was not to be the case. We can thank Bernanke’s QE2 and QE3 programs that instead of repairing the problems, created an artificial asset market that has hid the issues.
Now here we are…
It is October 2017 and we are seeing a Voodoo Mania piling on top of the QE programs as the snake oil salesman try to put in place a tax plan that will put the final nail in the coffin.
And as old traders say, if it is not a BOTTOM then it must be a TOP.