The current long wave is now in the Kondratieff Winter season. Most investors wish they had access to this long wave season chart in 2007. Every long wave has four seasons, just like a year. The approximate length of a long wave season is 14 years, but they can run short and long. Each season typically contains four Kitchin cycles, which Market Cycle Dynamics, LLC estimate have an ideal length of 42 months. However, long wave seasons can have fewer or more Kitchin cycles than the normal four.
For a complete review of the Kondrateiff Winter and the other long wave seasons read The K Wave. The global financial crisis can only be explained as a global Kondratieff long wave winter season. Below are listed the primary trends in place in the global economy during the Kondratieff Winter and other seasons of the long wave cycle.