Friday, March 13, 2009

Economic Cycles

Although this is not directly related to Calabria, I am reading a book published in 1937, called Investment for Appreciation by Lawrence Angas.

There is a section that outlines economic cycles and includes the sequence :

  • Revival
  • Prosperity
  • Boom and Credit Crisis
  • Collapse
  • Recession and Repeat Cycle

It shows that the current pattern of events and economic news are a piece in a jigsaw that repeats itself again and again.

We are currently in the recession stage of the cycle, so lets see how long it takes to get to Revival!

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