Who is Nikolai Kondratieff?
Why should we care?
As always, the blog has been roughly two years ahead of the curve so expect this name to start getting bandied about roughly in 2013.
(Technically, he was a product of an earlier age, and phrased his theory in terms of fixed years -- a product of the gold standard -- but it really has to do with the "peak debt" of debt cycles.)
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2 comments:
I looked it up in Wikipedia and as per the curve shown, the roller coaster economy reached the peak some time around 2003 and now it is all down hill for next 25 years. Does that make sense?
No, it makes no sense whatsoever.
Plus, it doesn't take into account technological change.
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