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Stock Market Trend Forecast Oct - Dec 2019 by Nadeem Walayat

Red States Have Had Their Say… It’s Now the Blue States’ Turn

Politics / US Politics Mar 16, 2017 - 02:45 PM GMT

By: Harry_Dent

Politics

We’ve not seen this level of political polarization since the Civil War. And it’s not unique to the U.S. It’s happening around the world… a backlash against globalization.

The red states scored a massive victory when President Donald Trump won against the odds. Six states switched from borderline blue to borderline red during that election.


But history has insights for us about such a revolution. For starters, they don’t tend to end where they started. Despite being a clear play of opposites, like conservative and liberal, history favors the progressive side. Over the longer term, the trends are only in one direction: toward increased affluence, greater freedom, more trade, and deeper political and social tolerance.

The south or red states had the momentum in the early part of the Civil War, but lost in the end. The nation moved in the progressive direction and became more unified than ever. While the south had more conviction and cause, the north had more people, technology and affluence… and were on the right side of the longer-term trends.

What’s clear in the early stages of this latest revolution is that globalization has peaked, and likely for decades. We’re going to have to regroup politically around common and regional cultural and religious values before we can globalize and progress again.

But let’s see what happens when the blue states have their say – as they again have the edge in economic power. California is threatening to go to ballot in 2018 to secede from the union. The red states may have won round one of this civil war, but it’s just getting started.

A political and social reformation the magnitude of the American Revolution is in motion and will take several years to begin to resolve. Get all the details on the “Yes California” campaign, see what’s brought us to the point of this revolutionary movement and get a look into the historic shift ahead of the curve in our latest infographic below.

Harry

http://economyandmarkets.com

Follow me on Twitter @HarryDentjr

Harry studied economics in college in the ’70s, but found it vague and inconclusive. He became so disillusioned by the state of the profession that he turned his back on it. Instead, he threw himself into the burgeoning New Science of Finance, which married economic research and market research and encompassed identifying and studying demographic trends, business cycles, consumers’ purchasing power and many, many other trends that empowered him to forecast economic and market changes.

Copyright © 2017 Harry Dent- All Rights Reserved Disclaimer: The above is a matter of opinion provided for general information purposes only and is not intended as investment advice. Information and analysis above are derived from sources and utilising methods believed to be reliable, but we cannot accept responsibility for any losses you may incur as a result of this analysis. Individuals should consult with their personal financial advisors.

Harry Dent Archive

© 2005-2019 http://www.MarketOracle.co.uk - The Market Oracle is a FREE Daily Financial Markets Analysis & Forecasting online publication.


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