Having forecast the 1991/92 recession in an article “Getting it Right at Local Government” in my professional journal, The Valuer, in July 1987, I expanded on the data and reasoning in the August 1993 edition of the magazine in “Australia’s Rent-Seeking: Anatomy of a Depression“.

It’s not difficult to do so once escalating land prices are understood to be financially problematic for economies.

However, I must admit Australia didn’t experience the mid-18-year term recession that I had expected would occur in 1999-2000. The USA did, though, nominating it as the “Dot-com recession“.