During
the boom phase of the cycle, the degree of correlation of asset returns is low.
The speculators (not called that at the time) pointed to loss statistics that had been generated during
the boom phase of the cycle.
Not exact matches
The gold market is generally weak relative to the industrial metals markets during the
boom phase of the inflation - fueled, central - bank - sponsored
boom / bust
cycle and strong relative to the industrial metals markets during the bust
phase of the
cycle.
But now it looks like we're heading into a different
phase of the typical
boom - and - bust
cycle for miners.
A business
cycle consists
of a repetition
of four
phases — expansion, peak, contraction, and trough — that is often called the
boom - and - bust
cycle.
An economic
boom is the expansion and peak
phase of the business
cycle.
For example, in the rising
phase of stock market
cycles, when businesses are
booming, resource demand expands faster than resource supply, so resource prices shoot up.
That is not a big problem in the
boom phase of the financial
cycle, because those same measures help to avoid a loss
of liquidity and credit availability in the bust
phase of the
cycle.
But debt capital is cheap during the
boom phase of an economic
cycle, and businessmen load up on it then.
The optimal portfolio would be long during the
boom phase of the credit
cycle, and short during the bust
phase.
Both have strong underwriting
cycles where a lot
of money is made in the
boom phase, and a lot gets lost in the bear
phase.
-- processionary
phase of the electoral pendulum swing favours recent incumbent — recessionary
phase of the business
cycle swing favours statist party — secular trend
of Baby
Boomer pro-ALP voting bias — divided and dispirited L / NP still awaiting the rising the the Costello souffle