This approach by and large explains why the Kondatriev cycle has become a little skewed, it now differes from what it was in past centuries. And the more the US inflates the assets of the household and support their market, the more the period of activity of the post-postresonators in the economy is dragged out. This affects not only the US, but also other countries in the same development cycle.
In regard to what has been said, it is clear why the peak of CPI is antiphasic to the values of the material asset indexes. Hysteroids begin to increase their influence along with the growth of the consumer basket. They impart tone to economic processes. But hysteroids are more oriented by their type of intellect toward non-material values. At one point, Karl Marx called them “aesthetes” (see Das Kapital, v. 1, chapter 3). This point in the work of Marx is of such interest that it is worth quoting his thinking:
“In order that gold may be held as money, and made to form a hoard, it must be prevented from circulating, or from transforming itself into a means of enjoyment. The hoarder, therefore, makes a sacrifice of the lusts of the flesh to his gold fetish. He acts in earnest up to the Gospel of abstention. On the other hand, he can withdraw from circulation no more than what he has thrown into it in the shape of commodities. The more he produces, the more he is able to sell. Hard work, saving and avarice, are, therefore, his three cardinal virtues, and to sell much and buy little the sum of his political economy.
“To increase a possibly greater number of sellers of all commodities, or to reduce a possibly larger number of consumers – such is the main question which all measures of the political economy come down to.” (Verri.).
“By the side of the gross form of a hoard, we find also its æsthetic form in the possession of gold and silver articles. This grows with the wealth of civil society. ‘Soyons riches ou paraissons riches.’ (Diderot). In this way there is created, on the one hand, a constantly extending market for gold and silver, unconnected with their functions as money, and, on the other hand, a latent source of supply, to which recourse is had principally in times of crisis and social disturbance.”
In essence, Karl Marx reaches a conclusion about the oscillating changes of economic values – from material to esthetic, psychological, depending on the cycle of economic development. Let us now turn our attention to the fact that we are speaking here of the rise of the psychological function of wealth in proportion to its growth. We are also speaking of the psychological peculiarities of people who are occupied with accumulation and so forth.
Values oscillate between the real and fictitious economy. The price of shares is more suited for the imagination of hysteroids, for the fantasy of auditory types. For kinesthetic types, or domain experts, the variation in the prices of gold, oil or raw materials is more familiar… With the change in the balance of psychotypes of the economically active population, or more precisely with the change in the fundamental metaprograms of these psychotypes, the monetary balance of these assets also changes. Naturally this change is not total, but occurs at the level of cumulative causes: one metaprogram has barely changed in one market participant, in another, in a third etc. And that’s how the market unfolds… We must bear in mind that in each person there are both a kinetic and audial beginning. Most commonly this is a transformation, a correction in the psychotype of specific individuals. The first one changes a little, then the second does, then the third… the accumulation of these changes constitutes another movement in the market… Naturally, indoctrination, mimesis, conformity and other processes are active here that regulate the transmission of information from one person to another, and regulate socio-psychological processes. These swings have become cyclical, while thanks to globalization they penetrate the economically active population, the economy of the majority of countries.