Christopher Smith

China: No, But This Time Really Is Different

@iThinkBig: I suspect that you're right about 20-year cycles, and I would go so far as to suggest that the regular appearance of significant changes on 20- (and 40- and 60-) year patterns is connected to generational patterns.

For example, my grandmother is unbelievably... I'll say "frugal"... because of her experiences in the Depression. Most of my parents' peers are boomers who like to live big whether they can afford it or not. And my generation is taking a long, hard look at this and realizing that something has to change... and now we'll undoubtedly start flailing as we change "something" whether we understand it or not.