Karthik questions whether my human desire to see patterns and impose order on the universe has gone too far in this post where I speculate that recessions happen when the path of NGDP vs M0 goes above the trend (I also speculate that the timing of the recession is akin to an avalanche -- you can say when the probability is high, but not exactly when the avalanche will occur).
Share this post
Recessions and avalanches
Share this post
Karthik questions whether my human desire to see patterns and impose order on the universe has gone too far in this post where I speculate that recessions happen when the path of NGDP vs M0 goes above the trend (I also speculate that the timing of the recession is akin to an avalanche -- you can say when the probability is high, but not exactly when the avalanche will occur).