The first Issue of “Practical Politics” appeared in December 1988. With this current Issue, therefore, our twentieth year of publication is complete.

In Issue No. 116 (July 2002), we wrote that “the seeds [of the next slump] are being sown now, the mechanism will be the behaviour of land, and the timing – well, probably around seven years hence.” Nobody now doubts that 2009 is going to be the year of the depression.