Imagine the cycles, as with moods, as oscillating springs. Now imagine Alan Greenspan, a quite clever little boy in his nursery, being given the spring and being asked to remove one half of the oscillation. What happens when little Alan eventually has to let go of the spring. The reverse oscillation will be particularly violent.
Wednesday 15 October 2008
Moody business cycles
Did someone say the cycle was dead? It now appears increasingly that the business cycle is simply an offshoot of the natural cycles of human moods. This really should not surprise those who understand business is the outcome of human endeavour. Staying permanently happy, as being permanently sad, is mentally destabilising. As a tangential illustration which country is credited with possessing a forced and widespread optimism? And which country has the highest per capita usage of therapists?
Subscribe to:
Post Comments (Atom)
How not to stimulate the spread of Covid 19
Compared to previous recent pandemics, Covid-19 appears at first glance to have a relatively low death rate of around 3%. This 30-fold high...
-
Compared to previous recent pandemics, Covid-19 appears at first glance to have a relatively low death rate of around 3%. This 30-fold high...
-
Martin Wolf of the FT ( The fed is right to turn on the tap ) claims that opponents of QE are behaving hysterically and the underlying cause...
No comments:
Post a Comment