This is the guest post made by Andy Bebut from the Yellow Brick Road blog

For about two years I'm writing about Kondratieff wave. This theory must be familiar to any inquiring mind, essentially it boils down to the huge credit cycle that takes a generation to build and unwind.

My posts posts on the topic are organized in this table of content: Kondratieff wave.

While my previous postings were made in an attempt to abstract the theory to the extend it works equally well for any advanced economy it just doesn't work this way. The cycle is the most pronounced in few economies, like USA, Japan and soon to be China, while other countries are synchronizing in "sympathy" with the one of them.