I recently talked to Dr. Jean-Paul Rodrigue, from the Department of Economics & Geography at Hofstra University to discuss his research on business cycles and how it applies to our current economic situation. His work charted the phases of a bubble, based on hundreds of years of economic data. Thanks to Dave in Calgary for [...]
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Category Archives: Economy
The Kondratieff Wave: Tracking The Past Or Predicting The Future?
In 1926, Nikolai Kondratieff (also spelled Kondratiev or Kondratyev) published a study called Long Waves in Economic Life for the Agricultural Academy and Business Research Institute in Russia.
Kondratieff noted that capitalist economies have long waves of boom and bust, that he described similar to the seasons in a year. However, for presenting his work to [...]
The Recession Is Over! No Wait, It’s Not
Last Friday, the Bank of Canada governor Mark Carney said that “we believe the economy will grow this quarter”, which technically means the recession in Canada was over in June.
On Monday, Trade Minister Stockwell Day repeated this claim in the Penticton Western News, writing “I’m not kidding. The recession is over… Last week, after [...]
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