Cycles

The speaker provides an explanation of the kondratieff wave which stipulates a 54 year cycle in the prices of various commodities.  He discusses the cause of this cycle; he believes it is due to human demographics. 

The speaker discusses why the US economy will manage to avoid a recession.  While he was incorrect, he suggested that there was an export boom.  Exports were 3 times as large as housing construction.  He states that net exports have increased net exports in a larger amount than housing detracted from the total GDP number. 

Video on trading commodities cycles.  Trading items like gold and coffee require that the trader have a firm grasp of the yearly cycles associated with each of these commodity types.