{Economic Cycles (3) [continued (3)]}[23rd September 1990]

[Redbook7:321][19900923:1945c]{Economic Cycles (3) [continued (3)]}[23rd September 1990]

.1945

[continued]

Secondly,* a ‘crisis’, crash or slump in the economic sense is normally a bit like an earthquake in that there is not one but a series of shocks, sometimes spread over several years. The difference is that in economics the worst ones tend to come last.**

I guess that this represents the arc ***G~-R~-C(-S~).****

*[See last two previous entries]

**[In fact this can happen with earthquakes too]

***[‘G~-’ originally bracketed; see next entry]

****[See ms diagram reproduced in last previous entry but one, [Redbook7:320-323][19900923:1945]{Economic Cycles (3)}[23rd September 1990]]

[continued]

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