Founded in 1974 by Eric Von Baranov, The Kondratyev Theory Letters extend the economic theories of the Russian economist
Nicolai Kondratyev into today’s world. The Company’s philosophy follows the traditional writings of Professor Kondratyev.
The study of social trends, wars and innovation combined with computer software create a highly accurate “long wave” model
as valid today as 100 years ago when Kondratyev first pioneered the theory. When combined with shorter cycles The Letter
has a remarkable history of projecting future events.
At the founding of The Letter, Eric predicted the lowest point for the Dow Jones Average in the past 40 years. The
following year, in depths of a profound recession, Eric made the bold projection the Dow Jones Industrials would rise to
3000 by the mid 1980s. By 1987 the Dow Industrials topped 2700 almost five times the December 1974 lows.
Other equally accurate projections have followed over the years all based on expectations of a dynamically changing
‘long wave” and its interaction to society. With a contested election in 2000, one paralleling that of Truman in 1948
fifty two years previous, Eric predicted perceived political instability would bring the encapsulate violence of the Middle
East to an end. The next year the US experienced the worst attack on US soil since Pearl Harbor.
Eric’s knowledge of history and his ability to relate to past events offers a unique and refreshing perspective.
From the Dot Com boom to globalization and the escalating war on terrorism, Eric has accurately projected events
affecting financial markets and society. Specializing in risk assessment, The Letter offers advice to institutions
and private investors on a consulting basis. The Kondratyev Theory web site offers a running commentary on global markets,
and political, social and economic trends. In today’s instant information environment, events half way around the world a
ffect everyone. The proper use of the “long wave” model allows for the ordering history into a coherent fashion which
exposes future probabilities. In addition to financial services, The Letter provides custom software and design solutions
for financial markets.