Episode 489 • • 1:32:48 - 1:40:21
489: Eat a Baseball
Economic Cycles, 1857 Depression and Oil Wealth
John C. Dvorak presents his thesis on 40-year and 80-year economic depression cycles, comparing the current era to the 1850s. He argues that the discovery of shale gas and oil in the U.S. is acting as a temporary wealth influx similar to the 1849 Gold Rush, potentially delaying a major crash until 2017. The discussion covers the historical depression of 1857 and a predicted global conflagration in 2020.