Wedded to a New Economic Theory - for a Little While; Private Investor's Diary SHARES: This Has Been a Week to Wait and See - to Divorce Yourself from Rash Action

Byline: PETER SHARKEY

I THINK I may have happened upon a new theory supporting short-term but rapid economic growth, which augurs well for next year and the performance of the stock market.

The conditions for this theory only appear for a relatively short period and never last for more than a couple of years. It is a post-war phenomenon that started in 1951 and is due to enter its fifth phase in February 2002.

In 1951 a post-war economic boom was imminent; the working population grew and imports rose as home consumption increased.

Harold Wilson was drafting his "white heat of technological change" speech in 1963, the start of the next phase, as …

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Publication information: Article title: Wedded to a New Economic Theory - for a Little While; Private Investor's Diary SHARES: This Has Been a Week to Wait and See - to Divorce Yourself from Rash Action. Contributors: Not available. Newspaper title: Western Mail (Cardiff, Wales). Publication date: December 22, 2001. Page number: 29. © 2009 MGN Ltd. COPYRIGHT 2001 Gale Group.

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