The year of 1949 saw the launch of the current K-Wave. I'm more convinced than ever of where we are globally in the present K-Wave. Every major economic force and global financial development is pointing to my basis count of K-Wave theory. If my analysis is wrong, then K-Wave doesn't work. I continue to believe that we should be looking for this K-Wave to end ideally in 2009.
Markets find their bottoms long before the ending year.
The ending year will be extremely obvious on a constant dollar Dow chart. Kondratieff wrote a great deal about technology in communications being developed in the last decade of the decline. We are seeing some of that with what will prove to be the early years of internet development in the second half of the 1990s. The internet will also accelerate deflation by blowing away the existing infrastructure between manufacturers and consumers.