I'm very sceptical. I listened recently to economic experts talking in the 90s, they were all saying we were in the ascending phase of some macro cycle, and tha

I'm very sceptical. I listened recently to economic experts talking in the 90s, they were all saying we were in the ascending phase of some macro cycle, and that we had thirty years of growth ahead. None did forecast the crisis we had since. They also did not say a word about the economic equilibrium bending east. Please take these cycle theory with a grain of salt. It is too easy to find patterns and to invent explanations for them, but there is no more reason to have recurring patterns in history than to have patterns when playing with a dice.