When it comes to understanding how the economy works, nothing comes even close to the business cycle.
Insightful as always! Remind me, what makes up the GMI Financial Conditions Index?
Figuring out what went wrong from 2001-2009 only takes two charts—global oil production and American natural gas production. So that period was a commodity super cycle and production of the two most important commodities plateaued.
Insightful as always! Remind me, what makes up the GMI Financial Conditions Index?
Figuring out what went wrong from 2001-2009 only takes two charts—global oil production and American natural gas production. So that period was a commodity super cycle and production of the two most important commodities plateaued.