Nothing much big happening this week. Just piddly little stuff. So, I'm going to draw some numbers out of the hat and give you their run down.
Surprise, surprise, surprise. The current period is entering a little late, but more or less exactly where I thought it would be. Remember, I originally predicted an up move until March, followed by a downward trend lasting roughly to the election. I've now revised my estimates, thinking that a less intense downturn will bottom out by the beginning of August or the middle of July.
This is due to Europe and China more than anything. US numbers have been fairly good. But we depend on the fuel of Europe and China to run our engine, and we'll all be running on a thin mixture until then.
THE PRESIDENTIAL CAMPAIGN
Wake me when it's over. Actually until the conventions, don't waste my time.
There is much yelling, screaming, and flapping of hands currently going on around Europe now, and some of it is even deserved. However, expect the European Central Bank and the EFSB to pull another rabbit out of the hat. Somehow. Some time in July.
I told you so about this one, too. Don't think for a moment that this kerfuffle about some blind lawyer also isn't a shadow play being duked out by competing factions of the Chinese Politburo.
If I were an Oxbridge don, I'd write a few volumes on the time period between the late 1500s (I'm thinking late Renaissance), and the Age of Reason (circa 1703). The 1600s were marked by climate change, revolutions, and a conservative reaction.
I think technology compresses time enormously, and so I see a parallel situation between the 1960s, where we are now, and some future Age of Reason somewhere down the road. Probably after I'm dead.