from Zero Hedge
Late last week, we published the executive summary from Jim Ried’s latest must read long-term asset return study titled “Age of Disorder” in which the author makes the case that Economic cycles come and go, “but sitting above them are the wider structural super-cycles that shape everything from economies to asset prices, politics, and our general way of life” Having identified five such cycles over the last 160 years…
1. The first era of globalisation (1860-1914)
2. The Great Wars and the Depression (1914-1945)
3. Bretton Woods and the return to a gold-based monetary system (1945-1971)
4. The start of fiat money and the high-inflation era of the 1970s (1971-1980)
5. The second era of globalisation (1980-2020?)
6. The Age of Disorder (2020?-????)