May 4, 2021 | Get Ready for Rough Financial Seas Sean Brodrick Sean is the natural resource analyst for Weiss Group. You can read his thoughts on gold, oil, cannabis, uranium and other natural resources at Wealth-Wave.com In a 28-page paper called “The Long Waves in Economic Life,” Russian economist Nikolai Kondratieff said that economic cycles come in regular waves that make changes easy to predict. During the BOOM, free enterprise leads to increasing growth and prosperity. This phase ended with the coronavirus pandemic and subsequent lockdowns. In the BUBBLE, the wave reaches a crest as greed, speculation and “irrational exuberance” take over, and stock markets become frothy.