The K Wave reset continues to unfold. Reset appears to have become a popular concept of late. At MCD we have been contemplating and discussing the end of the K Wave winter and the beginning of a new K Wave spring in 2020 for a few years. The world is not what it seems.…
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MCD Interim Briefing – March 18, 2020
The cycle count has been calling for the ending of the business cycle, aka Kitchin #16, and the K Wave in 2020 for a few years now. The K Wave began in 1949. A month ago I was perplexed as to how the K Wave, the largest and most important of the cycles, would…
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MCD Interim Briefing – March 2, 2016
Global debt deflation in this age of cheap money and overproduction continues to dominated the economic facts and dictate market action. The easy money is over for oil, or at least in its last gasp. Excess production will eventually be cleared, restoring market discipline to all industries. The degree of overproduction may keep prices…
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MCD Interim Briefing – March 25, 2015
I'll be traveling next week, the first Wednesday in April, so I'm posting the Interim Briefing this week instead. Global market action continues to point to markets being on the front end of Kitchin cycle #16, the final Kitchin cycle of the current K Wave. The explosive moves higher out of the October lows…
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