The decade of our doom draws closer (half kidding. And the alliteration was just by happenstance).
In the meantime, I’ve been reading a book called “The Fourth Turning” by Strauss and Howe describing the cyclical pattern of history, roughly divided into 4 “quarters”: High, Awakening, Unraveling, and Crisis. They say with conviction that the US is approaching a Crisis in the next four years, and characterize US Turnings as roughly 70 years long. Great news, eh?
I’ll be praying for both me and all of you out there. May God be glorified through our lives in these tough times.
The level of crisis in the securities and investment banking industry is at its highest since records began, according to the Financial News annual Crisis Index.
The unique Financial News family of indices measures references to collapse, crisis, fraud and scandal in articles in Financial News and on Financial News Online each year. To create each index, the frequency of mentions is rebased to 100 starting in 1998 to reflect the three-and-a-half fold increase in the number of articles published by Financial News in the past decade.