The Joseph Cycle

I was at Times the bookstore a few weeks ago with plenty of time to spare when I came across this book.

Never an economic person but the rather inattractive display of the cover content caught my attention. It's has a time graph with a huge title "The Joseph Cycle" written on it.

The title was inspired by Joseph, the Biblical figure, who was summoned to interpret a troubling dream of the Pharaoh. Joseph said the dream meant that Egypt would face seven good years followed by seven lean years.

Never one to bother with details, I skimmed straight to the graph to foresee when would we be facing the next peak. If this guy is right(he had been right before), we won't be waiting too long for the roller coaster to start going downhill, i.e. 2008.

It would be interesting to see how this prediction might work out in the face of the upcoming F1 Grand Prix night race and the two Casinos. These are major projects that are almost guaranteed(I'm sure about the latter) to make money.

But then again, if their intended customers (people who are rich and should own lots of stocks)  are badly hit by the financial turmoil, where could they find money to watch car racing or, worst, gamble their last penny away?

Better to start planning for your investments.