Sharp downturns and gradual recoveries: Why economic booms are unpredictable.
The article explains why economic booms and busts happen at different speeds. When people think productivity is high, they work and invest more, leading to a quick boom. But when growth slows down, they react fast and cut back. On the other hand, when growth picks up again, it's harder to tell how fast it's happening, so the boom is slower. This pattern is seen in real-world economic data.