Sunday, November 25, 2012

Peter Baxter on Kondratieff Winters

Kondratieff Winters feature high volatility, slow to negative growth, delevering (by consumers, corporations, and governments) hoarding of cash by banks, asset deflation, and economic depressions due to bursting of unsustainable credit bubbles. Peter Baxter, President of Baxter Capital Advisors and author of, explains why he thinks we are in a Kondratieff Winter and where the economy is headed based on this theory.

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