Gen. William Tecumseh Sherman was the greatest military figure ever produced by West Point.
He understood war and how war must be fought to win. The little noticed achievement of Sherman was the defeat of numerous wild indian tribes , who were slaughtering innocent white settlers.
surfandski, your post is thoughtful and logical.
Since Reagan days no president and no congress have had the guts to throw and sector under the bus, and instead have tolerated and encouraged bubble periods that produce phony income and wealth gains. That method is now at the end of its rope.
Profits as % of GDP have peaked; the next ten years will see labor (wages/salaries) drow faster than profits, and Janet Yellen will allow such wage growth (wage nflation), while other Fed heads have shut down the economy when wages started to grow at the expense of profits.
“And there will be signs in sun and moon and stars, and on the earth distress of nations in perplexity because of the roaring of the sea and the waves, people fainting with fear and with foreboding of what is coming on the world. For the powers of the heavens will be shaken. And then they will see the Son of Man coming in a cloud with power and great glory. Now when these things begin to take place, straighten up and raise your heads, because your redemption is drawing near.” Luke 21:10