I made an observation recently.

You may or may not know that there have been four major economic recessions in the last 120 years.

1890 Panic of 1890
1930 Great Depression
1970 Little Depression
2010 Credit Crisis

Now, I wonder if you noticed the gap between each of them.  40 years.

Why do you think that is?

I think that may be due to the generation gap – rather two-generation gap. I think history has a way of repeating itself, not because that is the way of things, but because people eventually forget what happened in the past – they make the same mistakes. I hypothesise that the 40 year gap, is the time period that is takes for people to forget – and make the same mistakes.

This may be because the leaders in power at the time of each recession are the grand-kids of the leaders from the last recession. How many people actually remember what happened when their grand-parents were in around? How many know and listened to the stories that our grand parents can tell us? I don’t think enough of us.

Lesson: Listen and learn from your grand parents.

Do you think that this is a reasonable conclusion? Do you think I’m talking bollocks? Let me know, I would really like to discuss it.