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Summary
Phil presents the argument that Indonesia’s new sex law (criminalizing sex outside marriage) signals the kind of moral conservatism that historically correlates with the second half of the real estate cycle, supporting the continuation of the boom into 2026.
Key Claims
- Indonesia’s new sex law is a socio-political indicator consistent with late-cycle behavior. — confidence: medium
- Moral conservatism and economic boom conditions coexist in the second half of the real estate cycle. — confidence: high
- The Melbourne talk on this topic was presented on 6 March 2023. — confidence: high