This Fourth Turning's Market Crash Risks Are 'Exceptional' | Neil Howe
Due to aberrantly high valuations
Today's guest has long predicted that widespread systemic change would occur during the 20-teens and 2020s -- as America and much of the rest of the world experience a replacement of the old order and the birth-pangs of a new one.
All of us who have lived through this period and especially the year 2025 that just ended probably find it hard to argue that massive change -- culturally, politically, geo-strategically and economically -- is indeed now afoot.
So how much more of this change still lies ahead?
How disruptive will it likely be?
And what kind of new system does it look like we'll have on the other side?
For perspective, we have the privilege of welcoming back to the program demographer Neil Howe, co-author of the seminal book The Fourth Turning and its sequel The Fourth Turning Is Here.
He notes that when past Fourth Turnings arrived, stocks were pretty beaten down
Which is why today's extreme valuations present "exceptional" market crash risk Neil warns.
To hear the full discussion, click here or on the video below:
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Adam’s Notes: Neil Howe (recorded 1.4.26)
Fourth Turning Dynamics: Neil Howe views the current era as aligning with his predictions of systemic change in the 2020s, marked by high market valuations, geopolitical tensions, and internal divisions, but he remains optimistic about a renewed sense of community, authority, and equality emerging post-crisis.
Financial and Economic Risks: High asset valuations signal a substantial market crash risk, possibly exacerbated by
