Thursday, September 25, 2008

Economic Cycles

The timing economic cycles is a 'mugs' game. Usually, the cycles never go as planned.

Yet, the timing of the economic outlook in the post made on August 16, 2008 now looks fortuitous.

In the past I have found that just prior to a downturn there seems to be a speculative rush into markets, a 'speculative bubble', just before an end of increases and the beginning of a recessionary downturn, or a depression.

Let's see if this economic cycle proceeds as predicted.

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