 Will the great credit bubble of the last 60 years will be washed away at the very trough predicted by the Kondratieff wave? The Kondratieff Cycle is a
theory based on a study of nineteenth century price behavior which included wages,
interest rates, raw material prices, foreign trade, bank deposits, and other data. He,
like R.N. Elliott, Kondratieff was convinced that his studies of economic, social, and
cultural life proved that a long term order of economic behavior existed and could be used
for the purpose of anticipating future economic developments. Back
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