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The Investor's Guide to Active Asset Allocation by Martin Pring

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2The Business Cycle: Nothing More than a Seasonal Calendar

Why the Business Cycle Repeats

A Typical Cycle

The Economic Sequence

Introducing the Concept of Rate of Change

More on the Chronological Sequence of Events

Using Indicators to Demonstrate the Sequence

Economic history in the United States goes back basically for 200 years. During that time it is possible to observe a consistent fluctuation in the level of economic activity between growth and contraction. This experience is not limited to the United States but also extends to other countries. Indeed, in Europe the record keeping, though vague, extends back further, but the same repetitive observation holds true. The alternation of growth with contraction is known as the business cycle ...

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