Executive Summary
An interview from Cycles TV (Foundation for the Study of Cycles / FSC), hosted by board member Andrew Pancholi, featuring Phil Anderson and Akhil Patel discussing the 18.6-year real estate cycle and its implications for investors. Recorded April 2025, placing this conversation in the context of the final stretch of the current cycle with the 2026 peak thesis active.
Content (from PSME page description)
- Significance of the 18.6-year cycle: How the cycle operates and its historical track record
- Market impacts: How the cycle affects property markets, stock markets, and investment strategy
- Investment transformation: How understanding the cycle can transform investing strategies
- Current position: Contextual discussion of where the 2025/2026 cycle stands (approaching peak)
Context and Significance
- Recorded in spring 2025 — with PSE’s “PSE Clock at 3pm” diagnosis already active (final frantic phase)
- Andrew Pancholi is a board member of the Foundation for the Study of Cycles and runs the Market Timing Report — his involvement links the PSE framework to the mainstream cycles community
- Akhil Patel’s 2023 book (The Secret Wealth Advantage) had just been released and this represents a follow-on public discussion
About the Participants
- Phil Anderson: PSE director, 25+ years studying the 18.6-year cycle, author of The Secret Life of Real Estate and Banking
- Akhil Patel: PSE researcher for 10+ years, author of The Secret Wealth Advantage (2023), described as “one of the world’s leading experts in economic, financial, and property cycles”
- Andrew Pancholi: Foundation for the Study of Cycles board member, Market Timing Report publisher; external interviewer representing the broader cycles community