Boom times are here again

Why so gloomy? Understand the business cycle and you’ll see we’re just at the start of the next big boom, say Akhil Patel and Phil Anderson.

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In October2008, the month after Lehman Brothers collapsed, Phil Anderson wrote about the key role that land prices play in the economic cycle for MoneyWeek.

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Akhil Patel is director of Property Sharemarket Economics (propertysharemarketeconomics.com).