On paper it looks like we are in the midst of a 1960s style bike boom. Far from it. The truth of the matter is western populations are overfed and addicted to passive entertainment in all of it's many forms. What we are seeing is a brief intermission but soon the curtain will rise again and the show will resume.
Given the fact that the bicycle industry is consumer driven and thus fickle and demanding, not to mention over engineered and overpriced, I see a few dark storm clouds on the horizon. And that is if the world economy doesn't tank.