Weekly Geopolitical Report – Revisiting Scheidel’s Horsemen: Part III (May 4, 2020)

by Bill O’Grady

In Part I of this report, we discussed Scheidel’s thesis on the events that reverse the normal trend of inequality and used this analysis to frame the COVID-19 pandemic.  In Part II, we introduced the equality/ efficiency cycle and discussed the first issue that would be affected by a shift to equality.  In this final Part III of the report, we will address the other four issues, discuss inflation and conclude with market ramifications.

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