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Turning Hard Times into Good Times

Turning Hard Times into Good Times

Tuesday at 12 Noon Pacific

February 9th 2010: Ian Gordon Explains Why “Dow 1,000 Is Not A Silly Number”

Ian Gordon has been warning of massive declines in the stock market just before the dot com bubble peaked in 2000. At that time, mainstream pundits were predicting a Dow that would soon hit 40,000 on its way to 100,000. That kind of irrational exuberance had no place in Ian Gordon’s thinking then or now. As a student of history, he knew societies go through long periods of credit expansion that culminate in irrational exuberance. With that perspective and based on the work of Nicolai Kondratieff, Ian was convinced a bear market of a lifetime was about to take stocks down for many years to com

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Featured Guest

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Ian Gordon

Nations and their economies run through 50 to 70 year credit expansion/contraction cycles known as a Kondratieff wave. Special guest Ian Gordon, Chairman of Long Wave Group and economic historian tells Jay Taylor why the U.S. and the global economy has entered into a credit contraction that will be as bad or worse than the deflationary depression of the 1930s.
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