Is the Boom-and-Bust Business Cycle Dead?

Is the Boom-and-Bust Business Cycle Dead?

The increase in international trade, Mr. Kelly added, can often offset slowing domestic demand as companies can find customers around the world thanks to the Internet. And the growth of the services sector, he concluded, “has made the economy more stable and, more importantly, less vulnerable to interest rates.” Many economists don’t feel so confident….

Read More