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Bill Ackman Thinks Diversification is for the Lazy
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Fascinating Interactive Chart on the Economic Cycle
The N. Y. Times recently published an interesting graph of the economic cycle and how severe the current downturn is in relation to others over the past 30 years. If you work with the tool below the chart it will show how downturns have shifted to recovery, expansion, slowdown and downturn again with lots of false moves in between.
http://www.nytimes.com/interactive/2009/07/02/business/economy/20090705-cycles-graphic.html?ref=business
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