They say that death and taxes are the two unavoidable things in life. To that, we should add economic crises. Being able to predict when the next downturn will be is worth a lot of money, literally. For a government, it could be a matter of survival.
I DO NOT KNOW about you, but I would like the economy to be just good; stable, and rising steadily. But in reality, we know that this is not the case.
We know all about the business cycle when economic expansion reaches a peak and then slumps into a recession. From the trough, the economy starts to grow and we do it all again. While we’re aware of peaks and troughs, do we know when these are going to occur? Bad times seem to sneak up on us really slyly and mess up all the big plans we have. If only we know in advance, we could make the necessary adjustments to prepare for the changes. If we have this intuitive “power”, we could then go on the “counterattack” and face the economic situation with appropriate policies. Society would then be less affected by economic instability.
