Kondratiev Wave

外汇网2021-06-21 21:28:36 43

An economic theory created by Soviet economist Nikolai Kondratiev that states that Western capitalist economies are susceptible to high performance volatility.

Also known as "Kondratiev cycle".

Kondratiev called these large performance fluctuations "super-cycles," which last 50-60 years. Kondratiev claimed to have pdicted in the 1920s the stock market crash of 1929, also known as Black Thursday. His pdiction was based on the market crash of 1870.

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