Saut: The World Is In Its 3rd Super Cycle In The Past 200 Years
KingWorldNews.com
July 17, 2012
Today Jeffrey Saut told King World News that “the world is in its 3rd ‘Super Cycle of the past 200 years.” Saut, who is Chief Investment Strategist for $360 billion strongRaymond James, also said, “China has bitten the bullet and they are getting ready to accelerate again.”
Saut also spoke with KWN about Europe, Japan and gold, but first, here is what Saut had to say about what he calls “the 3rd Super Cycle”: “China will be incredibly important going forward in the global economy. They are a key in terms of the world’s growth cycle. I think the world is in its 3rd ‘Super Cycle of the past 200 years.’ The world’s GDP growth accelerated with the Industrial Revolution, from 1.7% to 2.7% per year.”
Jeffrey Saut continues:
“That acceleration started in 1870, with the Industrial Revolution, and it stayed there until World War I and the Spanish flue epidemic in 1913. These two tragic events caused world GDP to retreat back down to 1.7% per year. It stayed there until 1946, as the globe was emerging from World War II.
At that time, the world’s GDP growth accelerated to a really hot 5%, and it stayed there until the ’73 OPEC oil embargo which caused it to retrograde back down to about 2.8%….
The Rest…HERE
