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Fiat Currency in a Kondratieff Winter

By James Turk | Market Commentaries | Comments are Closed | 15 June, 2012

Nikolai Kondratieff (1892-1938) was a Russian economist who theorized that capitalist economies are subject to a repeating 54-year cycle, though I have seen his work interpreted to fit economic periods lasting anywhere from 40 to 60 years. Each “Kondratieff wave” is divided into four periods that are given the name of the four seasons. ARead more

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