The graphic below outlines the basic economic cycle.
Please read each of the individual captions / summaries as to familiarize yourself with the characteristics of each – then do what you can to put your finger on the portion of the graph that you think best describes our current environment.
The ask yourself where on the graph is makes the most sense to be “buying” and where on the graph it makes the most sense to be “selling”. Regardless of your asset class – this outline has been repeated over and over and over – providing an excellent “simple explanation” of the standard economic cycle.
I want you to fill out and submit comments on this – as to open discussion on this topic. This is the kind of “macro idea” one needs to put in their back pocket and carry with them at all times.