There are many ways to measure market cycles and the business cycle, however economics is not an exact science. One of the methods that can be used alongside measuring of the yield curve is the output gap. The output gap is the difference between actual and potential economic production. It allows economists and investors to
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James J. Hill is unquestionably one of the greatest entrepreneurs in American history. This past weekend marked the 100th anniversary of his passing. He is best remembered for the successful construction of the only transcontinental railroad to not go bankrupt. He didn’t accept government subsidies, and argued eloquently against his competitors who did: “The government
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