The 1974 and 1982 recessions were caused by Oil Shocks (Israeli Yom Kippur war and Iran/Iraq war): http://resources2.news.com.au/images/2012/03/04/1226288/783926-120305-n-oil.jpg
Today, we have an "anti-oil shock" which happens only rarely. That is why the Coincident indicators chart is not showing a recession right now - 2 out of the 4 previous recessions were caused by oil shock, and not only is there *no* shock now, there is an *anti* shock now.
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Rich Dad’s Demographic Crash Thesis Vs. Mish’s “Pain Trade” Thesis
typos:
"as a crash *if* it happened in 10 days" (the word *if* is missing)
"decent" => "descent" (missing 's')
Signs That The Economy Is Weakening
The 1974 and 1982 recessions were caused by Oil Shocks (Israeli Yom Kippur war and Iran/Iraq war): http://resources2.news.com.au/images/2012/03/04/1226288/783926-120305-n-oil.jpg
Today, we have an "anti-oil shock" which happens only rarely. That is why the Coincident indicators chart is not showing a recession right now - 2 out of the 4 previous recessions were caused by oil shock, and not only is there *no* shock now, there is an *anti* shock now.