Macro: The recession trigger – pt 1

What kind of threat does an ailing Europe, a US recovery built on free money and Ponzi-style Chinese growth pose to your portfolio? David Llewellyn-Smith of MacroBusiness investigates.

One can argue about the average length of a business cycle but it probably isn’t 23 years. That was when Australia last endured a recession. And yet understanding the current cycle and when it might end is critical to preserving the portfolio gains you’ve enjoyed in recent years. Here, we’re going to take a stab at it, using three very different economists as our guide.


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