State of the Markets #232 Akhil Patel: Signals the crash is near
Nov 23, 2025
Akhil Patel, an economic cycle researcher and author of The Secret Wealth Advantage, shares insights on the looming market crash linked to the 18-year boom-bust cycle he discovered after the 2008 crisis. He discusses the government's role in amplifying economic cycles and the diverging paths of markets from the real economy. Akhil highlights risks from high private debt and rising bond yields, while critiquing political inaction on long-term economic stability. He explores the implications of commodity trends, the rise and fall of residential rents during crises, and the speculative nature of cryptocurrency.
AI Snips
Chapters
Books
Transcript
Episode notes
18.6-Year Land-Led Cycle
- Economic cycles repeat roughly every 18.6 years and shape booms and crises across centuries.
- Understanding that land and property drive these cycles reveals predictable peaks and crisis phases.
Personal 2008 Trigger
- Akhil discovered the cycle after his family's business suffered in 2008 and traced links to the early 1990s downturn.
- That personal experience prompted his book and ongoing cycle research.
1990s Echo In 2008
- Akhil recalled earlier family troubles in the early 1990s that mirrored 2008 and hinted at a repeating pattern.
- That memory helped him link episodes and dig into long-term cycles.
