82. Economic Cycles

Brad Sugars goes through the “Four Seasons” of the economic cycle and offers insight in how to prepare for each economic “season.” He outlines how global booms are analogous to an “economic summer,” while a slowdown is equivalent to an “economic fall” and an “economic winter.” Like the real seasons, the economic seasons don’t last forever, and as soon as “economic winter” sets into place, “economic spring” will soon emerge. The business cycle is something that has existed since the beginning of business and commerce; you can’t control it, but you can control how you react and prepare for the different cycles in the business “seasons.”