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Now why don't we use this theory. Simple, Keynesian was backed with political members and Kondratiev was not. So, who is more correct? Kondratiev or Keynesian. Kondratiev is always right as he realized economies have to do with people's emotions and sentiment.
So, in a nutshell what is going on now is the global economy is coming out of a long winter cycle and in 4 years it will be behind us and everyone will forget again as we go into a spring business cycle. It has happened over and over again since the recordings of mankind.