Make Money in This Troubled Economy by Understanding Cycles
The economy runs in cycles: understanding this is a key to wealth building.
There have always been economic “booms”. You will recall the High Tech stock market Nasdaq was skyrocketing in the late 1990s. Real Estate was skyrocketing in the early 2000s. And, this is not a recent phenomenon. Speculative Booms have been around for hundreds of years. It is generally agreed that the very first one was “tulip mania” in Holland, peaking in February 1637.
There have also been Busts. When have the Busts occurred? Right after the Booms, of course.
Understanding this cycle is crucial. Read more…