Link of interest:
The World Center for Cycles Research

Their predictions made in 2009.

Established in 1941 by a Harvard economist who had identified a number of cycles in the U.S. economy.

The foundation endeavours to:

  • Discover the causes and conditions for already observed and cataloged cyclic and rhythmic behaviors.
  • Classify discovered causes and conditions with the physical sciences.
  • Incorporate these causes and conditions into the mainstream of modern scientific theory and knowledge.

PS They have a “free e-books” section which unfortunately is missing.
PSS Hmm, pretty much everything is broken at that website (except for this), looks like it hasn’t been updated in awhile.

Someone sent this to me – probably the best illustration ever to take something that can be made overly complicated and boil it down to what it really is:

US income – $2,170,000,000,000
Federal budget – $3,820,000,000,000
New debt – $1,650,000,000,000
National debt – $14,571,000,000,000
Recent budget cut – $38,500,000,000

Let’s take off 8 zeros and make this the Jones family:

Household income – $21,700
Jones’ spent last year – $38,200
Jones’ added to their credit card debt – $16,500
Total credit card debt of the Jones family – $142,710

After sitting around the kitchen table, grinding for weeks on what to cut from their spending – $385

In 2009, almost half of all venture capital money spent in America went to four cities: New York, Palo Alto, Seattle, and Sunnyvale. So the obvious question is: Why does the Bay Area create so much economic power and not Detroit? Both have the same federal government. They work under the same laws and same rules. But San Francisco and Silicon Valley have created a culture that responds to innovation and creates business models like no other place on Earth. Cities that do this become a beacon for the most talented people in the world…

In defense of Washington, it wasn’t originally set up to be the nation’s economic engine. The U.S. government has seeded whole industries through land grant universities, defense contractors, and scientific and medical researchers to name just a few. But the government has never, will never, nor should it be expected to ignite badly needed sustainable economic booms. These economic booms originate in the souls of individuals and great cities.

Source: Gallup Management Journal