Summary
Akhil Patel releases the Q3 2022 edition of the 18.6 Year Cycle Indicators Chartbook. Despite negative readings on growth, rates, inflation, sentiment, and housing indicators, the land and bank credit indicators specific to the 18-year cycle remain on track — confirming the cycle has not been derailed by 2022 volatility.
Key Claims
- Q3 2022 Chartbook position is similar to Q2: surface economic indicators negative
- General economic indicators (growth, rates, inflation, sentiment, housing) are fairly negative
- Cycle-specific indicators — land and bank credit — remain on track despite surface difficulties
- The cycle continues on course for the 2026 peak despite all the volatility in 2022
- Chartbook is designed to track cycle-specific features, not provide comprehensive economic description