Investor Glossary-kondratiev waveInvestor Glossary-kondratiev waveInvestor Glossary-kondratiev waveInvestor Glossary-kondratiev waveInsightful stock market charts - Click here
investor
Categories    # A B C D E F G H I J K L M N O P Q R S T U V W X Y Z

Kondratiev Wave

The HTML to link to this page
 

Russian economist Nikolai Kondratiev theorized that capitalist economies move in a large cycle he called a Kondratiev wave. Each Kondratiev Wave lasts 50 to 60 years. A Kondratiev wave consists of a period of strong growth followed by slowing growth. Kondratiev wave theory is based on 19th century price data that also included wages, interest rates and raw material prices. A Kondratiev wave begins with a rising upwave when prices are increasing and the economy is expanding. The upwave ends when rising inflation triggers a recession. Eventually prices stabilize and growth resumes for another decade but at a less robust pace. This downcycle of the Kondratiev wave begins with a market crash that results in prolonged economic depression. Proponents of Kondratiev wave theory note it successfully predicted the 1929 stock market crash based on the 1870 crash. The Kondratiev wave is also referred to as the Kondratiev cycle.



Rate this Kondratiev Wave definition...

Learn about investing with the Investor Glossary Term of the Day


Click here for insightful stock market charts. Where is the market headed? The answer may surprise you. Find out
with the exclusive & Barron's recommended charts of Chart of the Day.


Popular Terms: real GDP, inflation, phantom income, liquidity ratio, per diem, retained earnings, FICO score, Key Rate Duration, Zero Cost Collar, deferred tax, covered put, labor relations, irrevocable trust, ex-dividend date, minority interest, option premium, command economy, 1031 exchange, 1035 exchange, 401a, dividends payable, risk management, current ratio, LIBOR, balance sheet, open position, VIX, implied volatility, EBITDA, in escrow, 144a, margin rate, stock market close, quality assurance, reverse mortgage, stock split, diluted share, wholly-owned subsidiary, required rate of return, average price per share, debt service coverage, APR, annual return, ex-dividend, cancelled check, deferred revenue, FTSE, limit order, class C shares


Investor Glossary | Term of the Day | Suggest a Term | Chart of the Day | Dogs of the Dow
Investor Glossary Index >>> # A B C D E F G H I J K L M N O P Q R S T U V W X Y Z A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
Accounting | Banking | Bonds | Brokers | Economy | Futures | Mutual Funds | Options | Real Estate | Retirement | Stocks | Taxes | Technical Analysis
©2004-2014 Investor Glossary - All rights reserved - Terms of Use