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In doing some cleanup I ran across a chart that I
had stashed since 1992. It is from a book by Harry Dent. The title
of the chart is The Spending Wave Extended and it goes from 1920 until 1990 with
actual data and then has the projections from there until 2040. It was
based upon birth trends and looking at it today it appears to have been very
accurate in its projections. It shows a spending peak between 2000
and 2010 rising from a trough between 1980 and 1990. According to this we
are at the peak of the spending wave and the next trough is projected between
2020 and 2030. That one I don't think I will have to worry about.
It appears that over the past 8 years the
administration has been able to make this projection come true. Now
let us see if this is truly the top of the spending cycle for a while.
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