{Economic Cycles [continued (6)]}[25th October 1989]

[Redbook6:331-332][19891025:0931g]{Economic Cycles [continued (6)]}[25th October 1989]

19891025.0931

[continued]

Rising prices, therefore, may seem good for business but they suggest the J~ point of accumulation and the inevitability of crisis: stability has already passed away. If falling prices are simply the inevitable consequence of rising prices and C, their occurrence at and around M~ need not seem so odd: in a stable situation, they would not occur there, and S~ - M~ (-U~?) would probably be simply organisation and outward action. (Presumably, a stable economic cycle, although outer circle, would be inspired by the inner circle – how, I am not sure.)

[Text extracted from ms image reproduced above:]

					C
					CRISIS
					|
	(BOOM)		R~	Rising		Falling	S~		(BUST)
				prices		prices
“Prosperity”		G~	–		☼		–	M~	RECESSION	“Liquidation”
	UPTURN
				Employment		Unemployment
			J~		|		U~
					←
					DEPRESSION
					A~

This is not all that convincing.

Curiously, this pattern or fit almost identifies the real interests of business with those of ‘basic’ Individuals* – but not quite.

The key is perhaps in appreciation that when business seems to be doing best – in the boom time ?G~ - R~ – it is in fact already fragmented and overheated beyond repair.

Clearly much more work is required to get this right.

*[See last previous entry]

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