The question of whether, in addition to the industrial cycle of more or less ten years’ duration, there is a longer cycle extending over several “10-year” cycles has divided Marxists as well as bourgeois economists who have shown interest in business cycles.
Is the current economic cycle the most unusual one? Why hasn’t a recession occurred despite the largest yield curve inversion in history? Did the 2020 COVID-19 crisis reset the entire 2008–2019 cycle, or did it merely prolong it?