In previous decades, it has taken a while for the transitions between the various economic phases to fully eventuate. However, I would contend that the events of 2007-9 could have unfolded at any time from 2005 onwards, had there been suitable exogenous triggers to burst the western debt bubbles.
As was the case with 2016, we are in tumultuous times. So how can we navigate these treacherous waters?
While the election of Donald Trump was a major shock to many people on many levels, much of the shock value relates more to Trump’s own personality, especially the outrageous persona that he has created and developed during the last 2 US Presidential election cycles.