Sennen - Vultures (2012)

Sennen - Vultures (2012) Nikolai Kondratiev was a Russian economist who proposed a theory that Western capitalist economies have long term cycles of boom followed by depression. These business cycles are now called “Kondratiev waves“. His model predicted the rise, peak and decline of several major industries including Cotton, Rail, Electrical Engineering and model predicted the rise, peak and decline of several major industries including Cotton, Rail, Electrical Engineering and Petrochemical. The current wave indicates that our current economies are in serious and lengthy decline.