This Fourth Turning's Market Crash Risks Are 'Exceptional' | Neil Howe

74 snips

Jan 6, 2026

Neil Howe, a demographer and co-author of 'The Fourth Turning,' discusses profound changes in society and markets during the current Fourth Turning. He highlights significant themes like internal conflict and financial crashes, suggesting these could be features rather than bugs. Neil warns of extreme market valuations, emphasizing behavioral forces like FOMO driving market overshoot. He links rising inequality to political pressures and examines the social impacts of technology and AI. Lastly, he offers practical advice for personal preparedness in these uncertain times.

Ask episode

AI Snips

Chapters

Books

Transcript

Episode notes

ANECDOTE

High Sierra Hiking Memory

Neil reminisces about hiking the High Sierra and Ansel Adams' photos of the eastern Sierras.
He uses personal travel memories to connect with Adam Taggart's regional experiences.

INSIGHT

Fourth Turning Spurs Conflict And Institution Rebuild

Fourth Turnings regularly produce conflict, institutional rebuilding, and rising community and authority.
Neil Howe emphasizes financial crash risk now is compounded by unusually high market valuations.

INSIGHT

High Valuations Make This Turning Exceptional

Current financial markets sit at historically extreme valuations entering the Fourth Turning climax.
Howe calls this combination exceptional and a key multiplier of systemic risk.

Get the Snipd Podcast app to discover more snips from this episode

Get the app

Today's guest has long predicted that widespread systemic change would occur during the 20-teens and 20-20s -- as America and much of the rest of the world experience a replacement of the old order and the birthpangs of a new one.All of us who have lived through this period and epecially the year 2025 that just ended probably find it hard to argue that massive change -- culturally, politically, geo-strategically and economically -- is indeed now afoot.So how much more of this change still lies ahead?How disruptive will it likely be?And what kind of new system does it look like we'll have on the other side?For perspective, we have the privilege of welcoming back to the program demographer Neil Howe, co-author of the seminal book "The Fourth Turning" and its sequel "The Fourth Turning Is Here".

WORRIED ABOUT THE MARKET? SCHEDULE YOUR FREE PORTFOLIO REVIEW with Thoughtful Money's endorsed financial advisors at https://www.thoughtfulmoney.com
#fourthturning #marketcrash #demographics _____________________________________________ Thoughtful Money LLC is a Registered Investment Advisor Promoter.We produce educational content geared for the individual investor. It’s important to note that this content is NOT investment advice, individual or otherwise, nor should be construed as such.We recommend that most investors, especially if inexperienced, should consider benefiting from the direction and guidance of a qualified financial advisor registered with the U.S. Securities and Exchange Commission (SEC) or state securities regulators who can develop & implement a personalized financial plan based on a customer’s unique goals, needs & risk tolerance.IMPORTANT NOTE: There are risks associated with investing in securities.Investing in stocks, bonds, exchange traded funds, mutual funds, money market funds, and other types of securities involve risk of loss. Loss of principal is possible. Some high risk investments may use leverage, which will accentuate gains & losses. Foreign investing involves special risks, including a greater volatility and political, economic and currency risks and differences in accounting methods.A security’s or a firm’s past investment performance is not a guarantee or predictor of future investment performance.Thoughtful Money and the Thoughtful Money logo are trademarks of Thoughtful Money LLC.Copyright © 2026 Thoughtful Money LLC. All rights reserved.