Just want to be sure I have this down. *Inflation from high to low Late Expansion (highest point) > Slowdown > Recession > Initial Recovery (lowest point) *Bond Prices from high to low Initial Recovery (highest point) > Recession > Slowdown (lowest point) Is this right? Anything else I should know? Seems like if you understand where inflation and yields are you pretty much can understand the key inflection points in the business cycle, which I’m sure is what they will be asking. They would probably tie this in with some type of Tactical Allocation question.