The Hill News

Several prognosticators â€" Jim Rogers, Marc Faber, Jim Grant, Harry Dent â€" get it right when the Overlords say, “Nobody could have guessed stocks would drop.” Said here in September 2008, I use Tibetan prayer flags: Dragon, Wind Horse, Snow Lion, earth, water, fire, air, sky. They represent the life cycle of the individual, the age, the universe; fire of youth, green of mature adulthood, golden years of a well-invested life returning to shadow. We have seen our seasons. We have entered shadow.

I write here frequently about the Strauss & Howe cycle and have customized it: There is no such thing really as a civilization, there are only “post-war periods.” Each lasts approximately 65 years and goes on break for 20 years. We are at year 65. Two elements I use: the Krebs factor and the Elliot Wave. The first refers to Maynard G. Krebs, the sidekick of Dobie Gillis. Dobie Gillis was the personification of the rising American Dream; bright, blond, good-lo! oking and most likely to succeed. Maynard G. Krebs, his bongo-playing beatnik sidekick. In psychological terms, Krebs is Gillis’s dark persona.

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