United States Economic Update: From Inflation to Japanification (And the Road That Led Here)

This is a follow-up to The Cold War Collapse: Why the Fourth Turning Ends With Capital, Not War.The Cold War Collapse argued that the Fourth Turning would not end in war but in the destruction of capital. That argument did not emerge from thin air. It is the logical conclusion of a sequence that has been unfolding since 2016. 2016: The Constructive ThesisAs commodities and wages bottomed together for the first time since the financial crisis, there was a genuine possibility of healthy normalization. If ...