Red Metal Banter, page-353

The real estate and debt cycle is allegedly what does give the best guidance as to the underpinning and timing of the major booms and busts. It looks well back tested over the last few Hundred years indicating the 18.6 yr average cycle. So the cycle unfolds in stages, 3 years recovery from crash, 7 years up, 1 year mid cycle slow down, 7 more up into the peak and crash. so if we had 2008 as the crash, 3 year recovering ( 2011 ), 7 yrs up ( 2018 ), 1 yr pause ( 2019 ) and now a further 7 yrs up into 2026 peak and bust. Keeping in mind that 'on average' allows for some stretching and squeezing of exact timings.