He got caught up in
a bad business cycle, and he doesn't know what to do about it.
I suspect the reason why Dr. Lacker has this somewhat rosy view is because he views our current economy as going through a particularly
bad business cycle recession, and not something patently different: namely a balance sheet recession.
Not exact matches
Economic
cycles come and go, but
businesses must thrive in good times and
bad.
Every
business cycle has excess which hets erased by a downturn, this one won't be as
bad as the last for the U.S.
This is Benjamin Graham's concept of buying at a sufficient discount that even
bad luck or the vissitudes of the
business cycle won't derail an investment.
They usually coincide with periods where profits might temporarily be less (that's how the
business cycle works, good years and
bad years).
Business Cycle Expansion and contraction dates for the United States Economy I've spoken at length at this blog and in my books that certain times of the year are good for dating and meeting new women, and
bad.
Willie wants to get out of the shady
business, but he is caught in a
cycle of alcoholism and
bad vices, pissing away all of his loot before the next winter, having to find another mall, another safe, and enough money to last another year.
At 18 months, it was the longest of any recession since World War II, according to the
Business Cycle Dating Committee of the National Bureau of Economic Research (NBER), and it is widely considered the
worst contraction since the Great Depression.
The low beta, or relative risk and performance to the market, will show that these stocks tend to either perform better - or at least not as poorly - as cyclical stocks in
bad times and will usually not be most investors» focal points during the boom part of the
business cycle when investors are busy chasing technology stocks and high - growth companies.
Our balance and depth have allowed Davis Polk to remain at the epicenter of
business and legal matters through good times and
bad, as our clients navigate the ups and downs of the economic
cycle.
I have found, over the years, when people begin to say things like «this time is different» or
worse, «we have seen the end of
business cycles,» that the end is in fact near.