Prepare for a five-year property and stockmarket boom

An 18-year cycle based on land and housing drives economies and markets, says Akhil Patel. We are coming out of a mid-cycle dip and entering the final multi-year upswing, which will peak in 2026

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(Image credit: MoneyWeek cover illustration)

In June 2014 I wrote an article that made several forecasts. I claimed we were in the early stages of a cyclical economic expansion, which, following a short mid-cycle recession, would take us into a major boom in the 2020s. I forecast that this mid-cycle recession would occur at the end of the 2010s, but that the economy would quickly shrug it off and spring forward into the new decade. I said the boom would be global, leading to more wealth creation in this period than in any other in human history. So confident was I in this prediction that I declared that the FTSE 100, then still below the level it traded at the start of 2000, would go above 12,000 by the time the boom was over. And I said that the peak of the cycle would arrive around 2026.

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