Kondratiev Wave

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Kondratiev Wave

A theory stating that capitalist economies go through phases much longer than ordinary business cycles. That is, capitalist economies have cycles of 45-60 years, where they perform alternately well and then poorly. The cycle then starts over. For example, the Second Industrial Revolution lasted from approximately 1850 to 1900; the global economy performed well in the first half of the cycle and was characterized by depression in the second half. Kondratiev wave theory was proposed by a Soviet economist and is more popular in Marxist circles than outside of them. See also: Kremlinomics.
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A cultural blitz called K-Wave, which encompasses Korean pop music, entertainers and TV programs, is now ferociously enchanting the people all over the world.
Omitting the details in this short essay, the K-Wave describes a recurring long cycle in human economic activites that vary from boom to bust.
And six, the K-Wave winter is the time of deflation to correct all the previous excesses.
K-Wave analysis points to deflationary collapse and debt repudiation through bankruptcy.
The magnitude of the previous bull market and the K-Wave tells us that the excesses that must be unwound from the economy are massive which offer clues to the "How far?
Kasikorn Bank has also launched a Visa payWave program in Thailand with the rollout of its K-Wave Card.