One of the Question at the San Diego Conference was about the acceptance of cycles in the West. In Asia, cycles are part of their religion. In the West, the Business Cycle has been acknowledged by everyone of any substance, The theories of Marx and Keynes had a common denominator – government can eliminate the business cycle by intervention. Paul Volcker in his Rediscovery of the Business Cycle published in 1979, acknowledged that this theory if “New Economics” has proven to be false.
We will be reviewing the Global Business Cycle in depth in the Asian World Economic Conference November 2nd & 3rd in Bangkok with a special Asian forecast handout.
In Berlin December 1st-2nd, we will be reviewing the Euro and the solutions for surviving the economic turmoil there on the horizon.