Human lifespan has increased as well – that could affect some of the longer cycles
The Kondratieff cycle (50-60 years) makes a lot of sense to me but, depending on whose interpretation of the cycle you use, we are several years past the point where the cycle should have peaked (1999/2000 would have been more consistent with past K-cycles)
Some people explain the increased duration of the K-cycle by pointing out that the cycle length may increase as the average human’s lifespan increases
Other analysts point to the massive financial engineering going on and suggest that these shenanigans affect the K-cycle (Keynesian economists believe they can eliminate the K-cycle and all other business cycles via monetary policy)
I like what Richard Russell has to say about cycles: “Where are they when you need them?” [Richard doesn’t put much credence in cycles]
I put cycle theories in the same category as Elliott Wave theory – they are both intellectually satisfying when applied to historic data but almost useless for predicting the future