Endgame: The End of the Debt SuperCycle and How It Changes Everything

To understand how the current system might spin out of control and where the unraveling might begin, look at where the complexity – aka systemic risk – is of late being concentrated most quickly. Post-2008, the two areas that stand out are government debt – which has been substituted for private debt as governments have borrowed unprecedented amoun

The relationship still exists—more growth is certainly better for job seekers. But its dynamics seem to have changed. After each of the last couple of recessions, considerably fewer jobs were created than would have been expected during the Long Boom years. In the year after the stimulus package was passed in 2009, for instance, GDP was growing fas

The new economic crisis flows from the very success of the Reagan cycle, which generated a great deal of wealth but distributed it in the end, as it did in the beginning, with a focus on increasing money for investment. But as with all cycles, the problem solved in the current cycle generates the problem to solve in the next. The social problem tha

The prospect of another financial crash is serious enough to place it alongside internal conflict and external conflict as a social stressor important enough to influence the outcome of the Millennial Crisis.