Chapter 11. The Master Cyclist’s Favorite Forecasting Tools
“Forecasting is always difficult, especially when it is about the future.”
“There’s no Holy Grail of economic forecasting; no magic indicator that’s infallible.”
—Lakshman Achuthan, Managing Director,Economic Cycle Research Institute
Managing the business cycle for competitive advantage means, first and foremost, learning how to forecast the business cycle in an accurate and timely manner. In this all-important task, the Master Cyclist relies on three sets of tools.
The first set consists of a select group of leading economic indicators. These include the “yield curve,” ...