Discussion: Minsky, Kondratieff and the Debt Cycle

is a simple explanation of the debt cycle by Ray Dalio, who made a billion dollars when housing prices collapsed in 2008, by “shorting” (betting they would fall in value) bonds built using mortgages.
It is an elaboration of Hyman Minsky’s Financial Instability Hypothesis
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, developed in the 1960s.
It in turn was built on the Soviet economist Nicholas Kondratieff’s “waves”
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proposed in 1922.
Do you think this description of the debt cycle is an accurate way of describing how the business cycle works? Based on these theories, when can we expect the next Great Recession? (I don’t mean the next small recession, which is expected next year) Use outside sources.

Link to use:
https://www.businessinsider.com/minsky-moment-debt-financial-crisis-2017-6

https://corporatefinanceinstitute.com/resources/knowledge/economics/kondratieff-wave/