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In the classic old business cycle, there would be a diminution in sales it would take a little while for this information to reach corporate headquarters. And there would be an inventory pileup. And then - bam - businesses would react, sometimes violently, by cutting production.

Alan Blinder

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Alan Blinder
Age: 79
Born: 1945
Born: October 14
Banker
Economist
Professor
Brooklyn
New York
Alan S. Blinder
Alan Stuart Blinder
Little
Production
Violently
Take
Productions
Inventory
Sometimes
Corporate
Sales
Would
Reach
Cycle
Cutting
React
Information
Cycles
Business
Businesses
Diminution
Littles
Classic
Headquarters

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There is a kind of a cascading chain, ... If one can't sell, then that business doesn't buy and that means the next business doesn't sell, and the previous business doesn't sell, and so on.
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