Most of us are interested in predicting the future so that we can be better prepared for the future. Can we imagine how much of time and money goes into conducting research in business forecasting? This article attempts to give an insight into the connection between gold/oil ratio and recession.

Wesley C Mitchell, and Arthur F Burns (1946), from The National Bureau of Economic Research (NBER), founded in New York in 1920, pioneered research into understanding the repetitive sequences that underlie business cycles.

According to NBER, "Business cycles are a type of fluctuation found in the aggregate economic activity of nations that organize their work, mainly in business enterprises. A cycle consists of expansions occurring at about the same time in many economic activities, followed by similarly general recessions, contractions and revivals, which merge into the expansion phase of the next cycle. These sequence of changes are recurrent but not periodic; in duration business cycles vary from more than one year to ten or twelve years; they are not divisible into shorter cycles of similar character with amplitudes approximating their own."

Global CEO Magazine, National Bureau of Economic Research, NEBR, Economic activity, Monitory Policy, Gross Domestic Product, GDP, Global Economic Growth, Organization of Petroleum Exporting Countries, OPEC, Liquefied Petroleum Gas, LPG, Global Economy.