While noone has a completely accurate crystal ball that tells them when the economy is going to enter a boom or bust cycle, there are clearly observable relationships that exist in our economy that can telegraph the increasing likelihood of an impending boom or bust cycle. Such was the case with our most recent economic upheaval, dubbed the The Great Recession of 2007:
With a little better understanding of economic relationships, you can enhance your chances of taking advantage of financial opportunities and avoiding financial risks. You can be sure that the U.S. economy will experience other booms and busts in the future. Will you see them coming next time?
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