AI on a Long Wave: Thrills, FOMO, and the Coming FallThe markets are a roller coaster painted in tech hype and AI promises. Kondratiev’s long-wave theory warns that the crest is here — and the thrill ride may end in disaster. Hold fast, invest wisely, and don’t confuse euphoria for safety.The Last WirePart I — The Wave and the Warning
Ladies and gentlemen of the investing world: buckle up. The champagne-soaked corridors of venture capital are screaming, AI startups are multiplying like radioactive mushrooms, and markets are floating on a cloud of machine-generated euphoria. Everyone feels brilliant, invincible, historically destined for upside.
But history — the cold, indifferent autocrat — has a way of telling even the boldest gamblers exactly how high the crest really is.
Nikolai Kondratiev, the Russian economist whose long-wave theory anticipated massive upswings followed by violent contractions, was executed in Siberia for being right at the wrong time. His work argues that every industrial surge ends with a peak so bright investors mistake it for dawn.
Today’s AI boom fits the pattern almost too well.
Continue reading at The Last Wire.
