Nature functions in cycles, each 24 hour period can be divided into smaller cycles of morning, afternoon, evening and night. The whole year can be divided into seasonal cycles. Similarly, one’s life can also be divided into cycles. Cycles are abundant in nature, we just have to spot them, understand them and be prepared for them. Likewise, experts have noticed that the world also follows different cycles. The pioneer in the field was the Russian social economist Nikolai Kondratiev also called as Nikolai Kondratieff, a relatively unknown genius.
Who is Kondratiev
The geniuses defend their principles, even at the price of losing their life, they die but their legacy continues. Kondratiev was one …show more content…
The criticism of the Kondratiev Waves
No principle in the world is left unchallenged, similarly, there are a few critics of the K-Waves, who consider it useful only for the pre-WW2 era. They believe that the current monetary tools at the disposal of the monetary agencies can alter the performance of the waves. There’s also a difference of opinion on the timing of the start of the waves.
The wave is being pushed ahead but the mood confirms a Kondratiev winter
A closer study reveals that the cycles are being pushed forward temporarily, any intervention in the natural cycle unleashes the wrath of nature, the current phase of economic excess will also end in a similar correction.
The winter started in 2000 preceded by the dot-com bubble. Many point that the stock markets are considerably higher compared to the levels in 2000, where’s the winter? The current stock market rise is fueled by the easy monetary policy of the various Central Banks all over the world. Barring a small period from 2005-2007 when the mood of the public was gung-ho, the whole winter has been spent with people in a depressed mood. The stock market rally from 2009-2015 has been the most hated rallies and the one laden with