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Where are we in the 18-year cycle?
Phase 1: 2013-2018 ‘recovery’ 6 years
Phase 2: 2019-2020 ‘mid-term recession’ 2 years
Phase 3: 2021-2023 ‘boom’ 3 years
Phase 4: 2024-2026 ‘mania’ 3 years
Phase 5: 2027-2030 ‘crash & rescue’ 4 years
- See Akhil Patel’s “The Secret Wealth Advantage: How you can profit from the economy’s hidden cycle” (2023)
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