In this episode we are joined by long-term economic cycle analyst Akhil Patel, from Property Share Market Economics. Patel says that despite the Covid-19 induced recession, we remain on target for considerable wealth creation in the next eight to nine years, and that the global wealth will double by 2026.
While there may be a second recessionary dip and another market correction, Patel thinks that subject to the rules of long-term cycles, there’s nothing unusual about the current set back. IGTV’s Jeremy Naylor looks at the opportunities, when they may occur and the risks to the strategy. The two also discuss how long will the mid-cycle recession last, what are the impacts of the fiscal policy and increase in leverage.