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Reply #2: Ever hear of Kondratieff waves ? [View All]

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EVDebs Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Jun-14-05 01:53 PM
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2. Ever hear of Kondratieff waves ?
Similar theory on business cycle. Trouble is that wealth concentration and the Keynesian 'marginal propensity to consume' of the masses vs. the rich elite investor class guarantees the troughs in the business cycle.

Unless you can get supply side idiots to allow for greater taxation on the wealthy Bush 'base', don't expect miracles.

The coming crash will be an excellent 'buying opportunity' however for those with lots of euros. The dollar won't be worth as much...
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