Yesterday’s answer: Mount Kosciuszko is a mountain located in the Snowy Mountains in Kosciuszko National Park. With a height of 2,228 metres (7,310 ft) above sea level, it is the highest mountain in Australia (not including its external territories). It was named by the Polish explorer Count Paul Edmund Strzelecki in 1840, in honour of the Polish national hero General Tadeusz Kościuszko, because of its perceived resemblance to the Kościuszko Mound in Krakow.
These two have been making waves of late. Some say their waves have turned and we are facing the brunt. Name them and explain.
Waves….reffered to the ones that are changing the present financial scenario
1. Ralph Nelson Elliott
The Elliott wave principle is a form of technical analysis that attempts to forecast trends in the financial markets and other collective activities.
In heterodox economics, Kondratiev waves — also called grand supercycles, surges, long waves or K-waves — are described as regular, sinusoidal cycles in the modern (capitalist) world economy. Averaging fifty and ranging from approximately forty to sixty years in length, the cycles consist of alternating periods between high sectoral growth and periods of slower growth. Most academic economists do not posit the existence of these waves.
First is Ralph Elliott who proposed that stock markets and economies and such go up and down in wave-form (grand supercycles) – the theory is called the Elliott Wave Principle.
The second is Nikolai Kondratiev who proposed something similar – a grand supercycle of 50-60 years is called a Kondratiev wave.
RN Elliott and ND Kondratieff of the Elliott wave principle and Kondratieff waves whose theories on long term cycles in finance can be used to explain the current financial crisis.
1. Ralph Elliot – Elliot wave
2. Nikolai Dmitrijewitsch Kondratieff – Long-wave theories of development
The Elliot and Kondratiev waves are no match for the DP-Wanbury Wave
ralph elliot&nicolai kondratieff who explained the stockmarket trends on the basis of wave theory
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