Economic Cycles discovered by Joseph

Almost eerily, Buffett linked Joseph's seven-year cycles with the performance of the Dow Jones at the close of the 20th century. He recognized that the concept of economic cycles discovered by Joseph is as relevant today as it was then, and could only be ignored at our own peril.


The concept of economic cycles discovered by Joseph is as relevant today as it was then, and could only be ignored at our own peril.



And so, just about seven years after the bull market again began to roar in 2001, the seven "fat cows" of prosperity are being swallowed up the "lean cows" of sub-prime mortgage defaults, bankruptcies and hedge-fund collapses in 2008.

http://www.aish.com/societyWork/work/When_The_Dow_Goes_Down.asp


Blessings, Tony