The financial cycle leads the business cycle which then leads the price and labor cycle; Hunt pinpointed late fourth quarter 2021 as when the financial cycle peaked, coinciding with stock market all-time highs; from that peak to now is 7 quarters, and typical lags are 7-9 quarters from financial cycle peak to business cycle peak, so the economy is right in the zone for meaningful slowdowns in key areas.

factualpending

Speaker

John Lodering

Evidence Quote

he pins late uh fourth quarter of 2021 as as probably this cycle stopped in the financial cycle and it's not uh surprising that's when the the recent uh all-time highs were achieved in stock markets [28:16]

Source

Lacy Hunt: We're Facing A Perfect Storm Of 'Economic Deterioration'Wealthion
Created: 8/12/2026, 6:42:20 PM

My Notes

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