The K Wave

The potential existence of a long-wave economic cycle of prosperity and depression has been the topic of much discussion among scholars, economists and financial analysts for years. The most compelling evidence supporting this 50- to 60-year cycle occurring in the free market economic systems was first offered by a Russian named Nikolai Kondratieff in 1926. His Kondratieff Wave, shortened and popularly known as the K Wave, has gained adherents since that time. Kondratieff's prediction of the great economic crash and ensuing worldwide depression of the late 1920's and early 30's, and of the…