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Babson Warns Against Belief in Fixed Business Cycles
Wellesley Hills Massachusetts January 20 1923 Roger W Babson issues a strong warning against assuming a fixed business cycle. He argues there is no fixed period for booms and slumps and urges leaders to focus on action and reaction rather than dates. He explains how over expansion and low mood relate and notes leading sectors like bonds and stock markets vary in timing. He cautions that forecasting the next prosperity depends on understanding cycle dynamics and local conditions.
MENTIONED IN THIS ARTICLE
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Roger v. ‘Babson
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