I love the BIS...

The BIS is the bank for central bankers - about 4 years ago I started writing about business cycles and asset prices and the normal degree of divergence that occurs between them over time, with my thoughts and reflections initially being prompted by their 2012 work. Our thinking has continued to evolve and so has the BIS analysis ... their Chief Economist published this note last month ... their model for cycles and ours look very similar now ... I think I may love him ... at least we can be wrong together!


Here is a quote and a chart ....