A Quote by Kevin Hassett
The term 'business cycle' is imprecise. Economic fluctuations affect everyone, not just businesses, and they are, unlike astral cycles, anything but regular.
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We have fluctuations all the time, business cycles, and they come about in various ways, but normally what sets them off is some reduction in the willingness of our population, our businesses, and foreigners to buy.
One of the things I've probably absorbed when I was in business school - and didn't know I was learning it - was about life cycles, that things begin, and they peak, and then they decline. So whether you look at life cycles of fashion, or you look at life cycles of things that people buy, designs, everything is in a life cycle. Getting out of the apparel businesses and into beauty and lingerie, those were very big bets, but they were very deliberately thought about and tested over time.
At physical death man loses his consciousness of the flesh and becomes conscious of his astral body in the astral world. Thus physical death is astral birth. Later, he passes from the consciousness of luminous astral birth to the consciousness of dark astral death and awakens in a new physical body. Thus astral death is physical birth. These recurrent cycles of physical and astral encasements are the ineluctable destiny of all unenlightened men.
Less emphasis on inventories, I think, may tend to dampen business cycles, because business cycles are typically in the grasp of inventory cycles and heavy industry cycles.
Inflation is lower and more stable and the real business cycle fluctuations are more modest.
There is a clear business case for building the resilience and capacity of local communities, businesses, and institutions because a peaceful, educated, and productive population will stimulate economic growth in the long term.
For policy makers interested in using tax policy to stimulate investments or especially to smooth business cycle fluctuations, the results are not promising.
Government and business must come together on the interlinked issues of conservation, economic development and renewable energy. There are literally thousands of businesses, many in the tourism industry, that depend on an intact marine environment for their long-term survival.
People should look at building long-term businesses, not just selling a business.
The most important thing that a company can do in the midst of this economic turmoil is to not lose sight of the long-term perspective. Don't confuse the short-term crises with the long-term trends. Amidst all of these short-term change are some fundamental structural transformations happening in the economy, and the best way to stay in business is to not allow the short-term distractions to cause you to ignore what is happening in the long term.
Bitcoin will experience many bubbles along its way to improving the lives of everyone on the planet. I'm not concerned with the short-term price fluctuations.
As the greatest and last major crisis before 1836, the panic of 1819 holds considerable interest for the study of business cycles and for the present day. It was an economy in transition, as it were, to a state where business cycles as we know them would develop.
I mean, these good folks are revolutionizing how businesses conduct their business. And, like them, I am very optimistic about our position in the world and about its influence on the United States. We're concerned about the short-term economic news, but long-term I'm optimistic. And so, I hope investors, you know - secondly, I hope investors hold investments for periods of time - that I've always found the best investments are those that you salt away based on economics.
You should be unconcerned about short-term price action when you own the securities directly, just as you were unconcerned when you owned them indirectly through BPL. I think about them as businesses, not "stocks", and if the business does all right over the long term, so will the stock.
Short cycle business are being impacted by credit, and are being impacted by gasoline prices, food, distribution businesses, chemical business.
One of our great strength, world capitalism, is the most successful economic system possible, but has also become one of shorter and shorter cycles of evaluation. CEOs, companies, stocks, profits and debits change at an ever more accelerated pace in response to the demands of stockholders and the market. We have already experienced some consequences of the shortening cycle of decision making in business, but those are minor in relation to the grand systemic collapse that always eventually results from such accelerating and shortening periods for leadership goals.
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