Slide 14 Year Cycle Outlook & Obama on Closing Tax Loopholes Slide 2 What does history tell us about the effects of the 4-year election cycle? Since 1981, the chart below…
The State of the Business Cycle Frankfurt, 13 April 2005 Dr Holger Schmieding European Economics Bank of America, London +44 20 7174 4924 Longer-term Themes: From Worker…