10 The Business Cycle

Business cycles have been a feature of capitalist economies. This section examines the various stages of the cycle and how inflation and deflation affect investment strategies.

10.1 The Business Cycle
It is important that the private investor has some basic knowledge of how the economy goes through different cycles...

10.2 Inflation
Inflation is central to our understanding of the global investment outlook. It is important to understand who gains purchasing power in an inflationary period...

10.3 Deflation
In an environment of deflation - the two main characterisitics of deflation are...