TIL about Benner's Cycle - a predictive pattern created by an Ohian farmer in 1872 that tried to predict economic boom and bust cycles between 1873 and 2059
For the most part the predicted market peaks and troughs are pretty accurate. This is more of a statistical analysis (using past numbers to predict future behavior) than a Nostradamus getting high and pulling predictions out of his ass.
But still, there's a degree of confirmation bias influencing the believers (and conversely instinctive skepticism affecting doubters) that come into okay.
Either way, I think it's an interesting tidbit from the past.
https://en.wikipedia.org/wiki/Benner%27s_cycleOpen linkView original on lemmy.world














