- Productivity Growth:Equivalent to technology getting better, faster and us constantly learning from our mistakes. We will always be able to do more with less time and resources than we were able to in the past.
- The Short-Term Debt Cycleis defined by a growth period and then a recession period. These cycles last about 5 – 8 years and peaks when loans become more expensive.
- Long-Term Debt Cycleis similar to the short-term debt cycle and takes typically 50 years to play out. It peaks when the economy is saturated with debt and it literally can not take on any more.
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