The Zeitgeist According to Steve Bannon’s Favorite Demographer Neil Howe
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- Опубліковано 3 жов 2024
- Time magazine’s cover story this week posed a simple question, “Is Steve Bannon the Second Most Powerful Man in the World?” In case you didn't already know, Bannon is President Trump’s controversial Chief Strategist who, among other things, co-authored the 45th President’s Inauguration Day speech.
Time recounts a story of a party guest who overheard Bannon say that he was like communist revolutionary and Soviet leader Lenin, eager to “bring everything crashing down, and destroy all of today's Establishment.”
Bannon was also “captivated” by a book called The Fourth Turning written by Hedgeye Demography Sector Head Neil Howe and the late generational theorist William Strauss.
As Time writes:
“The book argues that American history can be described in a four-phase cycle, repeated again and again in which successive generations have fallen into crisis, embraced institutions, rebelled against those institutions and forgotten the lessons of the past--which invites the next crisis.… During the fourth turning of the phase, institutions are destroyed and rebuilt.”
In the exclusive video above, Neil Howe and Hedgeye CEO Keith McCullough discuss the current political climate stoked by Bannon and Trump, how that could affect markets and more.
As Howe points out, every two-term U.S. president since 1900 has come into office with a recession directly before, while or within a few quarters of taking office. Given the Bannon/Trump worldview, Howe thinks:
“Trump would glory in a bear market in his first year in office. He would have fun with it. This bear market is the feeling of corruption leaving the body. And what gains, the GOP leadership’s high and dry Tory libertarianism or Steve Bannon’s populist fury? Who wins on that exchange with every tick down in the Dow? I think it’s clear. Trump wins.”
For more, listen to the complete discussion between Howe and McCullough above.
Neil Howe is The man. please continue segments with Dr. Howe
Refreshingly insightful informations and thoughts.
You can tell these are frat guys. Maybe not Howe, but the other two. "That was the only time I ever acted totally batshit crazy. The guy was scared."
Guy with a french name and google stock image knows all.
Great analysis you guys!!!! best I've heard so far about Trumponomics and markets.
How could the grey champion be a guy who gets impeached? How would that increase civic trust? I love how the guy laughs when Howe says people like David Brooks think he will be impeached in his first term...as if it was a ludicrous thought. Hahaha! Seems like Bernie is a figure more like the grey champion. An independent who didn't really want to be president but who ran, twice, because he couldn't tolerate the Dems bringing forth yet another left leaning neoliberal candidate. Bernie has created a huge movement among younger people. It will be interesting to see if the DNC will play fair this second time around. Maybe Trump treats it all down so someone like Bernie or Warren can build it back up? Hmmm....
Howe is a conservative. So, he wants to spin it positively. To acknowledge how demented is Trump and how much damage he will cause is not what he wants to think about. Also, Howe has worked with Bannon, if that gives you some idea.
We will see impeachment proceedings. How prescient. Here we are in the "impeachment inquiry" by Pelosi. Wow.
Bingo! -Trump would rather let us all die, than wound his ego.
I doubt it. Trump went there to make things better(as he saw it), it was a challenge for him. And as a businessman, I would think, if nothing works like he wants, he probably probably will just leave early. And sooner than people think.
Man, was this guy wrong as hell or what?
About what?
Uh ... You were pretty wrong folks!
Steve Bannon true Patriot, 10 year navy commander, God speed
Fuck Steve Bannon, goddam Goldman wanker.
At 12:40 he mentions declining hours coupled with Econ growth. Gig economy is one answer, but what about automation?
Mad Man Theory - Nixon
4:32 I don't see trump growing at all. I don't see that he wants to learn. We'll see...
How well did this age in your opinion?
Wow. So
Wrong. At least stock market guys got rich, so who cares, amirite?