Is there a seven year pattern in US economic crisies? We can try to count backwards. I will use this as a list of US economic recessions.
http://en.wikipedia.org/wiki/List_of..._United_States
He says 2015. OK. Not there yet so we can't say.
2008- The Great Recession actually hit in 2007. Close.
2001- Mild recession. Ok.
1994- Nothing.
1987- Stock Market Crash in October. But stocks finished the year higher than they started.
1980- short recession (six months)
1973- Stagflation following oil embargo
1966- nothing.
1959- nothing
1952- nothing
1945- recession due to government cuts in spending following WWII
1937- Second only to the Great Depression
1930- in the Great Depression which started year before- the stock market crash was 1929.
1923- Mild recession just before the Roaring 20's took off
1917- nothing
1910- Panic of 1910
So seven (that number again!) major economic events. Out of 15 which is only about half the time. If you consider that we have had some sort of recession about half the time, it doesn't say much than random chance that the theory captures the same ratio. And starting with 1910, we have had 20 recessions so it only captures about a third of what really happened.
But it is as good as any other system of trying to predict the market.
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