Prompted by a reference by Gordon Pankhurst in his address to the Neath & District CAB AGM this afternoon, I looked up Kondratieff. The long wave cycle theory seems very plausible, but history is full of apparently prophetic texts, from the Book of Revelations through Nostradamus, to which notable events can be fitted.
Myself, I blame the current recession on a sun-spot minimum.
2 comments:
Happy bugger!
This seems to be a cycle over 70 odd years, sun spots are more around 11 years.
The point is that, on a regular 11-year cycle, we should be approaching a peak of sun spots. In fact, not many have been seen.
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