Michael Mauboussin: ‘Procyclicality’- How It Drives Market Cycles To Extremes

Johnny HopkinsInvesting Research, Michael MauboussinLeave a Comment

Michael Mauboussin recently released a great paper called – Procyclicality And Its Extremes in which he discusses ‘Procyclicality’ and how it drives market cycles to extremes. He also provides indicators of procyclicality and methods for coping with, and profiting from it. Here is an excerpt from that paper: In economics, procyclical variables move in the same direction as the overall economy: … Read More