Interesting. Thanks for posting.
We have entered the downside of the current K-wave. This wave could last anywhere from nine to twenty years as we saw in earlier winter K-waves.
For the Dow Jones Industrials, in theory at least that could translate into a fall back to 1000. While that may be only for some super bears vivid imagination we believe that at a minimum the Dow Jones Industrials will ultimately fall at least 50%-60% or down to around 5000. The highs of January 2000 are but a dream for years to come.
The winter of the K-wave is upon us. See Cliff Droke’s theory on a 2008 to 2014 “hard winter”.
above excerpts from a link in the article...here...
http://www.kwaves.com/kond_overview.htm
From another famous Russian,...
The supremacy of finance capital over all other forms of capital means the predominance of the rentier and of the financial oligarchy; it means that a small number of financially powerful states stand out among all the rest. The extent to which this process is going on may be judged from the statistics on emissions, i.e., the issue of all kinds of securities. - Vladimir Ilyich Lenin “Imperialism, the Highest Stage of Capitalism”
http://www.marxists.org/archive/lenin/works/1916/imp-hsc/ch03.htm
Thanks for the thoughtful reply.
As I read these things about the Kwave and so forth, it strikes me just how much better capitalism is than socialism.
Socialism will only wave once. Then it will be permanently stuck in winter. How many decades has Cuba been in winter? The USSR was in winter for dedades. Zimbabwe, Venezuela, we can look across the globe and see neverending big government winters all over the place.
In Capitalism, once winter ends spring comes again.
This is clearly better.
After 1929, it took 25 years to return to its 1929 peak, which iflation-adjusting would make a bit longer than 25 years. Then again surviving stocks in the 1930s paid not-too-bad dividends so that actual returns assuming dividen reinvestment prob meant "only" about a 15-year timeframe to earn back the losses.