How To Invest Based on Cycles
Money For the Rest of Us
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Is There Any Truth to This?
Economists say there are five waves in economic growth. As the adoption of a particular technology, automobile, leads to on of economic growth. When it gets widely adopted, you have a slow down, and then a new wave of technology comes along. Recessions happen when we decide we don't want to buy as much. It leads to recession. But it doesn't follow an exact time frame. There's cycles, but we can't say all five cycles are going to converge next month.
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