This work offers a summary of the book “BEATING THE BUSINESS CYCLE: How to Predict and Profit from Turning Points in the Economy” by Lakshman Achuthan and Anirvan Banerji.
Lakshman Achuthan is managing director of the Economic Cycle Research Institute, a private research group which analyzes business cycles and sells its research to Fortune 500 companies, major fund managers and government agencies. Anirvan Banerji is director of research at the Economic Cycle Research Institute.
Many people now assume the business cycle has been mastered, and there is no need to worry about economic recessions or recoveries any more. This pointofview, however, might be overly optimistic. The economy will continue to rise and fall in the future, and those who accurately forecast these future turning points will have the greatest opportunity to position themselves advantageously.
In Beating The Business Cycle, Achuthan and Banerji give concrete advice on how to use the ebbs and flows of the general business cycle advantageously. It will help you break from the pattern of basing economic decisions on the recent past, and will show you how to use a decisionmaking framework that can see through the delusions of the crowd, and anticipate the next turn in the economy.