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Now, the key point is that at any particular point in time there are trillions of data points about the economy. Some are contracting and some are expanding. As more and more data become expansionary, we can better perceive the image of the young woman, while that of the crone fades. Then, as the expansion ages and more economic bits start to contract, the image of the young woman transitions to the aged crone.
Applied Financial Macroeconomics and Investment Strategy: A Practitioner’s Guide to Tactical Asset Allocation (Global Financial Markets)
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