Study: “Beginning of the Longest Period of Economic Decline in American History”
September 5th, 2013
Economists will often argue that booms and busts are cyclical. Every depression or recession we’ve ever experienced in America has, usually within just a few years, been followed by booming periods of growth.
But, as the best and brightest of the financial world like to say, past performance is not a guarantee of future results.
According to a demographic study from economists at Cornell University and the Congressional Joint Committee on Taxation, the recovery that many Americans believe is taking hold right now may not actually be happening. In fact, it could take another 30 years or more…
Keep in mind that the study takes into account only the demographic factors over the next several decades and does not include additional government taxation, currency devaluation, and overall global economic supply & demand factors.
The next few decades could be uncharacteristically bleak, according to a new study.