Fox-Trot Economy

Time to get your toes in a row. In the fox trot ballroom dance, a basic pattern is two fast steps, then two slow...which the economy does sometimes, too. A fox-trot economy is an economy following this pattern: quick growth followed by slow growth.

A fox-trot economy, like the ballroom dance, makes things difficult for people. When economic growth slows, everyone starts saving rather than spending, layoffs can occur, and everyone’s generally feeling the blues. When the economy picks back up, everyone parties like they totally forgot about the slow times...until the slow steps crop back up again.

So it goes.