What do economist believe about future business cycles?

Only one economist? Or a group of economists?

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Economists have varying opinions and beliefs about future business cycles, as their views are shaped by different theories and models. However, there are a few common ideas and factors that many economists consider when discussing future business cycles:

1. Economic Indicators: Economists analyze various economic indicators such as GDP, inflation rates, employment data, consumer spending, and business investments to make predictions about future business cycles. By examining these indicators, economists can identify patterns and trends that may indicate the beginning or end of a business cycle.

2. Economic Policies: Economists believe that government policies can impact future business cycles. For example, expansionary fiscal policies like tax cuts or increased government spending can stimulate economic growth and potentially prolong an expansion phase. Conversely, contractionary monetary policies like raising interest rates can slow down an overheating economy and possibly lead to a contraction phase.

3. Market Psychology: Economists acknowledge that market psychology, investor sentiment, and consumer confidence can greatly influence future business cycles. Positive sentiment can lead to increased spending, investment, and economic growth, while negative sentiment can dampen economic activity and lead to a downturn.

4. External Factors: Economists also consider external factors such as global economic conditions, trade policies, technological advancements, and geopolitical events. These factors can impact economies and business cycles both domestically and internationally.

It is important to remember that predicting future business cycles is challenging and can be subject to errors and uncertainties. Economists may have different perspectives and use diverse methodologies to analyze and forecast business cycles. It is always recommended to consult multiple sources and interpretations to form a well-informed opinion on this topic.