The process by which the cycle of civilization moves beyond its "capitalism" phase

Hussman:

Put simply, when U.S. corporate profits are unusually high, it’s typically an indication that households and the government are cutting their savings and going into debt.

Hussman is advising investors. He's offering a bit of wisdom, describing something that "typically" happens.

I'm thinking: If it typically happens, it's a process and it has an end result. In this case the end result affects where we are on the Cycle of Civilization.

Now you know.