What goes up can only go higher - you have no power here laws of thermodynamics! This week we talk about the classic business cycle and show how the stages of Recovery, Expansion, Slowdown, Contraction are unavoidable yet predictable. Find out where we are not in the cycle, what to look out for and how to thrive in these regular seasons of transition, prosperity and doom.
If you live in British Columbia, let us help you take care of the people you love and visit braunfinancial.com
Keep the conversation going on our Facebook Page and Group: https://www.facebook.com/itspersonalfinancecanada
Useful Resources:
The Conference Board “Business Cycle Indicators Handbook” https://www.conference-board.org/pdf_free/economics/bci/BCI-Handbook.pdf
The Conference Board Leading Indicators Description of
Components: https://www.conference-board.org/data/bci/index.cfm?id=2160
Bank of Canada Indicators of financial vulnerabilities: https://www.bankofcanada.ca/rates/indicators/indicators-of-financial-vulnerabilities/
OCED Main Economic Indicators (Canada on Page 82): https://read.oecd-ilibrary.org/economics/main-economic-indicators/volume-2023/issue-12_ded67b87-en#page82
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