Wednesday, October 29, 2008 3:28:19 PM
Business cycle is still alive and well, lol
note 2005-2006 was supposed to be the end of the previous business cycle which peaked in 2004. The artificial expansion of credit and delayed monetary tightening resulted in extending the cycle and thus causing an even greater contraction going forward.
note 2005-2006 was supposed to be the end of the previous business cycle which peaked in 2004. The artificial expansion of credit and delayed monetary tightening resulted in extending the cycle and thus causing an even greater contraction going forward.
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