By James Howard Kunstler: Forecast 2017: The Wheels Finally Come Off

Here is Kunstler’s year-end summary and predictions for 2017.

Kunstler does an amazing job of weaving many complex threads into an interesting, coherent, and (I believe) true story.

Long time students of overshoot won’t find any new ideas here but it’s an excellent refresher for experts, and a great place to start for newbies.

This year’s predictions are specific and very short-term so we won’t have long to wait to see if he’s right. If he is wrong, it will likely be in timing rather than outcomes.

Highly recommended.

“There is no other endeavor in which men and women of enormous intellectual power have shown total disregard for higher-order reasoning than monetary policy.” — David Collum

One thought on “By James Howard Kunstler: Forecast 2017: The Wheels Finally Come Off”

  1. Trump was correct that the ruins of industry stand like tombstones on the landscape. The reality may be that an industrial economy is a one-shot deal. When it’s gone, it’s over. Even assuming the money exists to rebuild the factories of the 20th century, how would things be produced in them? By robotics or by brawny men paid $15-an-hour? If it’s robotics, who will the customers be? If it’s low-wage workers, how are they going to pay for the cars and washing machines? If the brawny men are paid $40 an hour, how would we sell our cars and washing machines in foreign markets that pay their workers the equivalent of $1.50 an hour. How can American industry stay afloat with no export market? If we don’t let foreign products into the US, how will Americans buy cars that are far more costly to make here than the products we’ve been getting? There’s no indication that Trump and his people have thought through any of this.


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