Remember Economics 101? If you are like me, maybe not so much. The most basic premise of Economics 101 is that there are business cycles and they occur regularly.
No matter what we do, business will get hot and overheat at times, only to be followed by a dry spell that may be deep (great depression) or short (3 months) late 80’s.
The following chart comes from JPMorgan and even caught Donald “The Brain” a bit off guard. Oh, and for the record, we calculated the “Mean” estimate (in Red) as Median by definition is the middle, and minimizes the outliers. Hope you enjoy.
Big Ben may be fighting Economics 101…..or not….only time will tell !
Have an awesome day!
JK214-706-4300 http://www.jkfinancialinc.com 8222 Douglas Ave # 590 Dallas, TX 75225