He also notes that Intel is on the verge of major product cycles in every part of the business, with new processors for PCs, servers and mobile devices.

FORBES: Intel Sees 'High Single Digit' Revenue Growth In 2012

GameStop cited the end of the seventh generation console cycles as the major factor behind the decline, and expects sales to improve after the launch of Nintendo Wii U, which is expected to be launched in Q4 2012.

FORBES: GameStop Revised to $26.75 after Q2 2012 Earnings

Scafetta believes that a natural 60-year climate cycle associated with astronomical cycles may also explain calendars adopted in traditional Chinese, Tamil and Tibetan civilizations, since all major ancient civilizations knew about 20-year and 60-year Jupiter and Saturn cycles.

FORBES: Global Warming? No, Natural, Predictable Climate Change

Changes also had to be made to the rules for takeovers, he went on - so that investors and businesses could build for the long-term, adding that a new mechanism was needed to ensure major infrastructure decisions were made for the long term and not subject to political cycles.

BBC: UK business too focused on short term, says Labour report