First, unless America's bankruptcy wave comes to an unexpected halt, the demands on it are likely to rise.
Every new technology wave comes with its own catchphrase: distributed computing, client-server, e-business.
"This is not what my parents would have chosen for me, but when the wave comes up, you ride it, " Baur said.
However, when wave 4 comes down only by 23.6% of the 3rd wave, it warns us to look for a fairly large 5th wave, a so-called extended wave.
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The wave of IPOs comes after a two-year drought for real-estate offerings in Hong Kong, as developers held on to their assets while prices soared.
Now comes the fourth wave, as computing costs ratchet down yet again.
Here comes the next wave in what Bluecoat Gin partner Andrew Auwerda calls "the gourmet-fication of America": talented, local micro-distillers with dreams of doing for bourbon, gin and rum what Robert Mondavi did for Cabernet Sauvignon or the Boston Beer Company's Samuel Adams did for lager.
Once the U.S. comes through the age wave, it could land ahead of the rest of the world.
Optimists are saying 2013 could be the year that the oft-predicted consolidation wave for regional and community banks comes ashore.
The decision comes in the wake of a wave of violence in Pakistan surrounding last month's elections.
Lord Hoffmann's blunder has cast a harsh light on Britain's highest court, and raised serious doubts about whether the Law Lords will be ready to deal with the wave of controversial cases expected after the Human Rights Act comes into force, probably next year.
The resistance comes chiefly from middle-ranking officers who cannot bear to wave goodbye to the weapons with which they have grown up.
The cool-down follows a heat wave that roasted much of the country for more than a week and comes as the National Climatic Data Center reported the mainland United States has experienced the warmest 12 months since record-keeping began in 1895.
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