I'm actually saying that the rule you have stated above holds true even more so if we take into account the high availability of actionable information. Take for example that with "TARP 1" all sorts of irritating loopholes were exposed in a very short period of time (how long did it take for the general public to be informed of the tax exemption for a specific type of arrow used by child archers??).
I want to emphasize that what I'm stating is that in the past, when critical changes took place, it would be some time before all of the information/knowledge of those changes propagated to everybody and this had an impact on the economic cycle (how long or short they were). In today's "Internet Age", the time it takes for changes to propagate is going to be reduced dramatically.
I should add that a direct consequence (and this is purely hypothetical but not unreasonable to include) is that the volatility of the economic climate will increase with the availability of information.
The accessibility and volume of business data have been accelerating for over 100 years. Downturns have not gotten shorter. I see no basis for your hypothesis.
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I'm actually saying that the rule you have stated above holds true even more so if we take into account the high availability of actionable information. Take for example that with "TARP 1" all sorts of irritating loopholes were exposed in a very short period of time (how long did it take for the general public to be informed of the tax exemption for a specific type of arrow used by child archers??).
I want to emphasize that what I'm stating is that in the past, when critical changes took place, it would be some time before all of the information/knowledge of those changes propagated to everybody and this had an impact on the economic cycle (how long or short they were). In today's "Internet Age", the time it takes for changes to propagate is going to be reduced dramatically.
I should add that a direct consequence (and this is purely hypothetical but not unreasonable to include) is that the volatility of the economic climate will increase with the availability of information.
The accessibility and volume of business data have been accelerating for over 100 years. Downturns have not gotten shorter. I see no basis for your hypothesis.