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According to the National Bureau of Economic Research, there have been 34 business cycles between 1854 and 2020, with each full cycle lasting roughly 56 months on average.

The 2008 financial crisis and the COVID-19 pandemic in 2020 are more recent examples of bust periods. These cycles are influenced by various factors such as technology, global events, and people's confidence in the economy.

Hence to understand economic cycles better, in the first part of the episode, we discussed factors influencing economic cycles such as inflation, employment figures, trade balances, etc, and the importance of understanding economic principles for financial well-being.

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