Your Weekly Wrap Up By Chris Cimorelli, Managing Editor, Economy & Markets  I was watching C-Span Thursday evening (yes, I occasionally watch C-Span) when I heard sobering words out of the junior senator from Oklahoma.
In short, James Lankford criticized the latest budget deal – heralded by the White House as a boon for job creation – saying it does nothing to address our debt problems, and merely perpetuates the status quo.
Even with a yearly $50 billion surplus, we wouldn't balance our budget until the year 2385.
A few words from the junior senator:
"People know inherently that if you keep over-spending, it limits our economic growth in America. We have fewer jobs because of it. It is harder to start a business because of it. The President keeps saying if we spend a little more, we'll have more jobs. The people don't believe it anymore because they've seen it's not true." It came to me as a response to a few words Rodney shared on the matter.
As he put it: Congress is arguing over what to spend, when that's already been decided. They're fighting over where to spend it, when that should have been debated before.
What they're not discussing, is how to develop an actual budget. Spending more than you take in year after year – that isn't a budget.
But this is La-La Land. The Congressional Budget Office says U.S. GDP will continue to grow at about 3% to 4% per year, though real GDP has averaged just 2.08% since 2010. They assume endless stimulus to patch our economic fault lines. They think the gravy train runs forever.
For now, the U.S. dollar keeps us safe. But the longer we go without funding the debt while interest rates remain low, we ensure an eventual decline in our currency – though it may not happen for several years – and ultimately a lower standard of living.
Tomorrow's problems.
How can you talk sense into these people? Like Harry said Thursday, politicians just don't understand the economy. They don't understand how innovation works. They don't understand that you can't just remove recessions from the economic equation because they're inconvenient.
The economy is organic. It has a biological system. But politicians are like surgeons who never went to medical school. Give them a scalpel and they'll think they can do anything.
What matters more are the largely unseen forces driving the economy, which politicians take credit for when they're good.
To this note, Harry shared his 80-Year Four-Season Economic Cycle, which shows the general movements of the economy and inflation. Based on this and other cycles, we shouldn't expect the next global boom to begin until 2023. That's enough for our next president to suffer two terms of economic malaise that have nothing to do with him (or her).
Ride out the winter. The answers come in spring. In the meantime, we have to focus on surviving the economic winter, which is bound to only get worse the more stimulus we inject and the more debt we add.
It was a quiet week in the markets, so I'll end this note here. Before I leave, I'd like to draw your attention to a presentation we put together, showcasing a strategy John developed to profit from falling stock prices.
The stock market just had the best month in four years. It's doubtful it'll do so again. A strategy like John's is well poised for when traders flip the switch.
'Til next week, 
Chris Cimorelli
Managing Editor, Economy & Markets
P.S. The deadline to join John's service is November 3. You can watch the presentation here.
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