•swing⪢⪢
Debt swings occur in two big cycles. One takes about 5 to 8 years and the other takes about 75 to 100 years. While most people feel the swings, they typically don't see them as cycles because they see them too up close - day by day, week by week.
#economy
http://qindex.info/i.php?x=19907
○○○fluctuate⪢⪢
Productivity matters mostly in the long run but credit matters mostly in the short run. This is because productivity growth doesn't fluctuate much. So it's not a big driver of economic swings.
#economy
http://qindex.info/i.php?x=19905
○○○due⪢⪢
As mentioned, swings around the line are not due to how much innovation or hard work there is. They're primarily due to how much credit there is.
#economy
http://qindex.info/i.php?x=19908
○○○ occasional ⪢⪢
○○○ brachiation ⪢⪢
