Professor Elam

Weekend July 22, 2012

From The Market Perspective

I have been reading Engines of Change by Paul Ingrassia, a history of the USA told via fifteen different cars. I mentioned in the update that we have entered an 18 year period of negative sentiment, the last one began in 1966, the current one in yeear 2000. Chapter Seven is about the brief reign of John DeLorean, the Pontiac GTO, his lifestyle, and the failed Delorean.

Two paragraphs on page 166 caught my eye in explaining just how fast the change then was happening.

Events that seemed unthinkable just a few years earlier started happening all the time. In April 1966 Time as on its cover, Is God Dead? Charles Whitman killed 13 people from the Tower at UT Austin, wounding 31 others. The Rolling Stones released '19th Nervous Breakdown.'

In 1967 the US Army was dispatched to quell a race riot in which 43 people died in Detroit. Beatty and Dunaway romanticized rebellion in Bnnie and Clyde. 1968 borught the assassinatinos of Martin Luther King and Bobby Dennedy. The Chicago Seven disrupted the Democrat Convention in Chicago. It does not take a lot of imagination to see that same chain of events playing out again today.

As I say all my writing about socionomics and 18 year cycles has been quite serious for the purpose of preparing you for just these kinds of events.