You've convinced me on your point about several parts of the economy being in a boom phase, Mr Wenzel. Just because some sectors are in decline, doesn't mean the American economy isn't dynamic enough to have been booming at the same time. It's given me a whole new perspective, thank you. I can see now how many Austrians focus on the bust, almost seeming to pine for it. But you can't have a bust without the boom phase, and out is shrewd to recognize both. Doubly shrewd to invest and make money in both.
I think this shows my point from other threads, some places are booming and some are not. I had to break out a color picker to make sure, but where I live this says the recovery has at the very least stopped short and could be turning to 'bust'. Zero to minus 5% for nov 2015.
You've convinced me on your point about several parts of the economy being in a boom phase, Mr Wenzel. Just because some sectors are in decline, doesn't mean the American economy isn't dynamic enough to have been booming at the same time. It's given me a whole new perspective, thank you. I can see now how many Austrians focus on the bust, almost seeming to pine for it. But you can't have a bust without the boom phase, and out is shrewd to recognize both. Doubly shrewd to invest and make money in both.
ReplyDeleteI think this shows my point from other threads, some places are booming and some are not. I had to break out a color picker to make sure, but where I live this says the recovery has at the very least stopped short and could be turning to 'bust'. Zero to minus 5% for nov 2015.
ReplyDelete