How on Earth could this happen, how come the economy is taking an economic downturn, why did the housing bubble burst and who are we to blame (this time)? Well, indeed those are all excellent questions and you will get a mixed basket of answers from various economists, still, without a better understanding of these issues, it probably will not make much sense to you.
Economic Business Cycles are part of the flow of the financial world, nation’s economies and industry sectors. Sometimes the gambling casino we call the stock market seems to be at odds with reality, and we see false positives. Here, let me illustrate my point; read this book:
“The Handbook of Economic and Financial Measures” by Frank J. Fabozzi and Harry I. Greenfield – 1984.
This book is perfect for journalists, investors, economists, attorneys, financial planners, bankers, business owners, corporate executives, politicians, decision makers, MBA students, and you. Once you read this book you will never be lost with terms such as inflation, stagflation, deflation, GNP, GDP, trade deficits, government deficit, business cycles, business capitalization, stock market, sector rotations and you will be able to follow along quite nicely when the Fed Chairman is giving his opinion of the state of the US economy to congress.
In fact, I recommend this handbook for anyone who is serious about their financial future and the decisions they make. Judging by the enormous amount of debt that consumers have, it appears that we need financial literacy courses when folks end high school. And yes our politicians could sure use a bit of education on their spendthrift ways as well. But, if you own or run a business, then you ought to know a thing or two about economics, so for you I very much recommend this book.
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