Yesterday I started working on the next quarter of Economic Insights, the quarterly publication I work on as a creative director at the Philadelphia Fed. For the first issue of 2019 we will be working on an article that talks a great deal about the business cycle, the expansions and contractions that define an economy.
So today we have a piece from Indexed that succinctly puts the business cycle in context, at least from the perspective of a golf course. Well done. Very well done.

Happy Friday, everyone.
Credit for the piece goes to Jessica Hagy.