Living Economics 12 - The Hangover of 1929

Respectonomics through the Living Economics platform continues the two-part series of examining the look-alikes of 1929 and 2026. In “1929 Today”, part 1, we brought forward the many issues that today remind us of 1929, for example the social unrest, concentration of wealth, and the rise in authoritarianism. In this episode, we bring forward three additional issues: first, the historically failed forecasts of buoyant corporate profits immediately before an economic downturn (currently estimated at 19%!); secondly, the concentration of intellectual brilliance in the fields of technology, engineering, science, medicine, and arts, while political and business leadership may attract a lesser grade; and thirdly the systemic degrading of the environment today, relative to the Dust Bowl of the 1930’s. Living Economics, a platform of Respectonomics, provides bi-weekly assessments of economic and financial issues. The analysis is timely, straightforward, relevant, unvarnished and actionable. Your Voice of Respectonomics, Jeremy Wentworth- Stanley, draws on more than fifty years in the investment industry, developing the creed of “making the obvious obvious before it becomes obvious”. What are your reflections and ideas? Would you pass them back to us? And share the message please. jeremy@respectonomics.com