Summary
Phil corrects a misstatement by Bill Sarubbi (Foundation for the Study of Cycles) about Phil’s cycle definition. Phil clarifies: land prices run up 168 months (14 years) from prior lows, generally two 7-year segments punctuated by a mid-cycle slowdown. US real estate bottomed in 2012, so 14 years up = 2026. Phil also introduces Edward Dewey’s work and the FSC, noting 42 months = 180 weeks = 1260 days (a “Book of Daniel” number).
Key Claims
- The cycle runs 168 months (14 years) up from prior lows — two 7-year segments punctuated by a mid-cycle slowdown. — confidence: high
- US real estate bottomed in 2012; 14 years up = 2026. — confidence: high
- 168 is described as a “Genesis number” — from Genesis “in the beginning.” — confidence: medium
- 42 months = 180 weeks = 1260 days — a Biblical “Book of Daniel” cycle number. — confidence: medium
- Edward Dewey was Hoover’s Chief Economist tasked with finding the causes of the Great Depression. — confidence: high