Today the New York Times' Floyd Norris cited NineShift in a business story titled "Should Fed Worry About 99 Year Cycle?"
Q. What's the story about? A. About 10 paragraphs (old journalism joke).
Here's some excerpts. 
"Call it the 99-year cycle. If it continues, then this year may not be an enjoyable one for investors.
William A. Draves, the co-author of "Nine Shift," a book looking at parallels between the first years of the 20th century and the first years of the 21st century, points out that the stock market over the last nine years resembles the market in the years beginning in 1898.
He suggests that in both periods the economy was dealing with the changes wrought by new technologies that would change the way business was done: the automobile in the early 20th century changed the economy from agrarian to industial, and now the Internet is changing it from industrial to information.
A look at the Dow Jones industrial average from the end of 1897 shows that it rose nicely for three years, then had three down years, two years of recoery and one year when not much ayppened. At the end of the nine years, the Dow was up 91 percent for the period. *
The closest comparison seems to be in the New York Stock Exchange composite index, which measure the performance of every stock on the Big Board. Since the end of 1996, the annual pattern has been similar to that of the Dow 99 years ago, and the index is up 87 percent. " *
* This is new information that Norris discovered, which is great.
Norris goes on to insightfully identify the bigger issue, the inadequacy of the financial structure for the new century, which led to both the Panic of 1907 and the formation of the Federal Reserve System, esssential to the financial infrastructure for the 20th century.
((My dad was a newspaperman as well. An old newspaper saying, "I don't care what you say about me, just spell my name right." In this case, Mr. Norris not only spells the name right, but does an accurate job of citing the NineShift implications, which we appreciate.))
