rambot
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- Apr 13, 2006
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The traditional boom and bust cycles of expansion and contraction have not been linked to the current problems because of the nature of the problems themselves. That's what I've heard.You guys need to learn about Kondratieff Wave Cycles. This stuff has happened before in our economy and it will happen again. I find it funny that political parties are trying to take credit for or place blame on the natural cycles of expansion and contraction of the market economy.
This lays out causes pretty well:
http://en.wikipedia.org/wiki/Subprime_mortgage_crisis#Causes
I don't see any "Waves" there.
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