Some things you can predict.
There will be another recession some time in the future.
The current expansion is now about 20 months old.
Already there are signs of overheating.
The uprising in Egypt was partly triggered by rising food prices.
That is a sign of overheating.
The price of oil is approaching $100 a barrel.
That is a sign of overheating.
Three million dollars for a 30 second spot on the super-bowl.
Overheating
I hope this expansion will last a long time.
But it could end at any time so be ready.
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1 comment:
Anything is possible. Maybe this expansion will last for ten years. I think the first danger won't be for another year. But things are already heating up a lot and caution is always a good idea.
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