Is a 2029 Great Depression Looming?

Summary

Is a century-long economic cycle pointing towards a Great Depression around 2029? Analyst Gareth Soloway draws striking parallels between the Roaring Twenties and today, suggesting a potential crisis within the next few years. Similarities include post-pandemic booms, transformative technologies like electrification and AI, the 'gamification' of markets through speculation and zero-day options, and elite manipulation of information via new media platforms. He also notes circular deal architectures in corporations, selective regulatory enforcement, and retail investor euphoria facilitated by zero-commission apps. Furthermore, extreme market concentration in top AI stocks and a market cap significantly exceeding GDP mirror the conditions of the 1920s. A logarithmic chart analysis of the Dow Jones Industrial Average shows a pattern of piercing parallel channels before major collapses or rallies, and current positioning is concerning. Soloway highlights a potential 3,000-day bull market cycle, suggesting a top could form in mid-to-late 2028 or 2029, mirroring the 1929 crash timing. He cautions that rising US debt, projected to reach $60-65 trillion by 2028-2029, combined with a potential slowdown in AI capital expenditure, could trigger an economic downturn if stimulus measures falter.