Published on Aug 27, 2013
Kondratieff Wave theory details how capitalist economies experience a recurring cycle. It's a boom and bust of around 60 years that coincides with a peak in credit. The cycle consists of four distinct phases based on mood changes. The tone determines the actions of individuals involved in the economy. The cycle duration of the so-called K-Wave is also similar to the human lifespan. So, when each economic "winter" rolls around, the problem is cultural memory loss. Bob talks to Peter Baxter, author of kondratieffwinter.com, about deflation in the winter cycle.