Yesterday I described the conditions that render the U.S. ungovernable. Here is a chart of why the U.S. economy will also be ungovernable. Longtime readers are acquainted with the S-curve model of expansion, maturity, stagnation and decline.
This is why the economy will be ungovernable: all the financial gambits that have been played to create the illusion of “prosperity” have reached stagnation/decline.
The key take-away is that the financial gambits–QE, zero interest rates, etc.–did