Perhaps the main reason that I write of our economic situation is that I continue to believe, based upon various analyses, that our economic situation is in many ways misunderstood. While no one likes to contemplate a future rife with economic adversity, current and future economic problems must be properly recognized and rectified if high-quality, sustainable long-term economic vitality is to be realized.
My analyses continues to indicate that the growing level of financial danger will lead to the next stock market crash that will also involve (as seen in 2008) various other markets as well. Key attributes of this next crash is its outsized magnitude (when viewed from an ultra-long term historical perspective) and the resulting economic impact. This next financial crash is of tremendous concern, as my analyses indicate it will lead to a Super Depression – i.e. an economy characterized by deeply embedded, highly complex, and difficult-to-solve problems.
For long-term reference purposes, here is a chart of the Dow Jones Industrial Average since 1900, depicted on a monthly basis using a LOG scale (updated through July 19, 2024 with a last value of 40,287.53):
(click on chart to enlarge image)(chart courtesy of StockCharts.com)
![DJIA since 1900](https://www.economicgreenfield.com/wp-content/uploads/2024/07/EconomicGreenfield-7-23-24-DJIA-1900-July-19-2024-40287.53-1024x589.png)
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The Special Note summarizes my overall thoughts about our economic situation
SPX at 5570.54 as this post is written
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