Economic ups and downs

Some recent positive figures from the U.S. economy are reported in this week’s Economist.  Here’s my contribution to the discussion.

I believe the economy is fractal in its behavior and that there is an element of truth in the Elliott Wave theory.  Therefor  ups and downs are natural and should be expected.  Some turning points will be minor and others will be more substantial.

It appears our economy has been on a major down trend. Do these figures indicate a major up turn or just a little bump on the way down?

(The author of this comment has a web log on economics at https://economics102.wordpress.com/)

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