I’m best known for my research on how demographic trends impact our economy. But before I discovered the power of demographics, back in the ’80s, I was a cycles guy. In fact, it was my finding that the spending of new generations was the most important cycle in modern times that made me a believer. The first cycle I studied in the early 1980s was the Kondratieff Wave. Let’s call it the K-Wave today for simplicity sake. In 1925, Russian economist Nikolai Kondratiev, published details about a cycle he’d found in prices. As it turned out, economies experienced a cyclical pattern of inflation and deflation that repeated every 50 to 60 years. During that time, he found, there would be two periods of boom and bust. Sound familiar? It should…
Posted on: Thu, 16 Jan 2014 19:30:29 +0000
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