--- Technotranscendence <[EMAIL PROTECTED]> wrote: > there are political cycles too, such as the Presidential cycle. Yet this doesn't line up with 18-years.<
Yes, there several cycles going on at the same time. There are also random shocks. The 2001 downturn was not caused by real estate, for example. But some have more impact than others, and my analysis of historic cycles indicates that the real estate cycle is the most economically significant one. Fred Foldvary