How Well is Your State Prepared?Yesterday I posted a video that describes one theory about the coming crisis and Monday I will post a video where it is claimed that America has ceased to exist. While I think it is obvious that a crisis is coming, I do not think it will be the zombie apocalypse nor do I think it will happen soon. 

Instead I agree with the following quote from a LA Times article: 

Lawrence Summers, president emeritus of Harvard University and President Obama's economic advisor in 2009-10, has warned of "secular stagnation," the risk of the U.S. falling into a Japan-style funk marked by weak consumer spending, anemic economic growth, minimal inflation and low interest rates.

Summers' scenario is a more dire version of the "new normal" that investment giant Pimco in Newport Beach described beginning in 2009. The firm, led by bond guru Bill Gross, foresaw a long period of struggle for the debt-saddled global economy instead of the usual rapid post-recession rebound in growth.

Pimco was mostly on target. The U.S. economy grew at an average annual rate of just 2.3% from 2010 through 2013, compared with an annual average of 3.7% from the 1950s through the 1990s. 

So no, the zombie apocalypse is not coming. Things will decline slowly until sometime around 2017 President Hilarity will have to deal with a crisis similar to 2008. Are you ready for our stagnation nation?