SMLL - Predicting Depressions For Dummies Part II

In Part I, we saw how Shiller's CAPE ratio suggests something like a decade of low returns in the stock market, and how the present supercycle in inflation, tied perhaps to some post-gold-standard form of Kondratiev Waves and supercycles in technology, suggests a period of very low inflation for the coming decade too.

(Source: Robert Shiller)

(Source: Shiller)

(Source: Shiller, World Bank, and Stephan Pfaffenzeller)

No such coincidence of prolonged low returns and low inflation has occurred since the Great Depression of the 1930s.

Therefore, for those who feel insecure in

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