There IS a cycle - we DO get recessions roughly every 7 years.
BUT I don't think you can look any more deeply into that. It's the normal "breathing" of an open market.
it can't always go up. It can't always go down. But it also can't just remain flat.
So if it can't keep going up, can't keep going down, and can't stay the same - what you get are cycles of up and down.
It booms - and then it gets ahead of itself so it pulls back into decline - people adapt and it starts booming again.
My only complaint about our current economy is that we had the last recession 7+ years ago, but this "recovery" we keep hearing about may have only put us in a slightly better position... it's not really by all that much -and it came at a very high cost of government intervention.
We've ARTIFICIALLY put the stock market into overdrive with free money. Once interest rates start to rise (which HAS to happen) that free ride ends in a crash. Just like the government getting involved in the housing market, making houses more available - lot a good it did us, huh?
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Today's Featured Article - What Price Enthusiasm? - by Anthony West. Quite frankly, for some time now restorers like myself have become more and more concerned about the rapid increase in the prices of old farm machines here in England. There is now a growing market for "As found" machines. Which as machines get rarer, has found the birth of a new industry....one of the "procurement agent". These agents appropriate as much old machinery as possible then inflate prices at auctions. So at what price enthiusiasm? We are now seeing poor machines which 3 years ago ma
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