State of the Markets #214 - Akhil Patel - Cycle Endgame you can not afford to miss
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Feb 4, 2025 Akhil Patel, an expert in economic cycles and author of "The Secret Wealth Advantage," discusses the cyclical nature of markets. He shares insights on the housing market's challenges due to rising interest rates, linking these to broader economic dynamics. Patel explores the historical significance of skyscrapers as indicators of real estate trends. He also delves into emerging economies' potential post-crash and presents the concept of a citizen's dividend as a solution for economic inequality, inspired by historical models and key economic thinkers.
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Akhil's Investment Mishap
- Akhil Patel's family business, a pharmaceutical wholesaler, made a poorly timed investment in 2007.
- This near-disastrous decision, driven by ignorance of economic cycles, sparked his interest in the field.
The 18-Year Land Cycle
- Economic cycles, particularly the 18-year land cycle, significantly impact markets.
- Concentrated ownership of land and resources contributes to booms and busts.
Run on Gold
- There seems to be an ongoing run on gold, causing a significant backlog in the London market.
- Gold is moving from London to New York, with fiscal settlements now taking four to six weeks instead of a few days.
