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COMMENT: Marty, I began following you in 1985. That is when everyone was using the Kondratieff Wave and admitted it averaged 45 to 60 years. They were all predicting another Great Depression. You were the only one right back then as well. I remember your advertisement in the Economist saying a new Private Wave was
Spread the lovemore QUESTION: Mr. Armstrong; it is easy to see why the government wanted Socrates. You said Monday would be the low then a bounce and that is what unfolds. You forecast so many markets and you get it to the day. Others claim this is the guy who called 2008 so buy his […]
comunicalo.it “Tutti i presidenti di Confindustria d’Italia e i loro delegati si rivolgevano a Diego Di Simone, all’epoca responsabile della security di Confindustria nazionale per avere delle informazioni ma lui non svelava la fonte dalla quale le attingeva. Solo dopo abbiamo saputo che accedeva allo Sdi (Sistema informativo del ministero dell’Interno, ndr)”. E’ quanto ha affermato il legale di Antonello Montante, l’avvocato Carlo Taormina, a margine del processo che si celebra con il rito abbreviato, davanti la Corte d’Appello di Caltanissetta, nell’aula bunker del carcere...
Spread the love EH ANSWER: All those investigating cycles within the economy made a simple mistake. Kondratieff followed agriculture/commodity prices when agriculture accounted for 70% of the GDP pre-19th century. That only began to decline from 1850 forward, dropping to 40% by 1900 as the Industrial Revolution emerged with the invention of the steam engine. Moreover, aside from climate impacting the food supply, there were also wars. So the Kondratieff Wave failed to take into account all of the external forces. If we extend the K-Wave 54 years from the commodity high in 1919, that brings us...
QUESTION: What is your opinion on Kondratieff Waves? EH ANSWER: All those investigating cycles within the economy made a simple mistake. Kondratieff followed agriculture/commodity prices when agriculture accounted for 70% of the GDP pre-19th century. That only began to decline from 1850 forward, dropping to 40% by 1900 as the Industrial Revolution emerged with the invention of the steam engine. Moreover, aside from climate impacting the food supply, there were also wars. So the Kondratieff Wave failed to take into account all of the external forces. If we extend the K-Wave 54 years from the c...