Global composite equity indexes; real estate index funds, the proxy for real estate;  debt, and commodity valuations of the asset-debt global macroeconomy are perfectly and exactly correctly priced along their respective  minutely, hourly, daily, weekly, monthly and yearly time fractal unit saturation trading curves.  This system is comprehensively integrative and perfect in its valuation process.

Each composite asset is perfectly valued with  its individual denomination based in the ongoing totality of the cumulative valuation worth of the  entire asset debt macroeconomic system. 

This blog observes the elegantly simple fractal growth and decay patterns defined both by  nadir composite valuations by which the asset debt macroeconomic system is defined  and the progression of those valuations, which  occur in well-defined  quantitative fractal patterns. This underlying growth, decay, and the quantitative mathematical cyclical fractal nature of the system  represents the patterned science of the global asset debt macroeconomy.

The nadir to nadir cycles occur because of unrepayable bad debt  accumulation relative to  asset over valuations of the system caused directly by that relative excessive  expansion.

The 90 year third fractal nonlinear devolution conclusion of the US hegemonic 1807 36/90/89 year :: x/2.5x/2.5x Great Fractal series is near. A 54 year 4th fractal will end the US hegemonic series in 2073.

The 1932 89 year US third fractal is composed of two yearly subfractals: a 10/20-1/20-1 year x/2x/2x fractal ending in 1982 and a 9/20/12 :: x/2-25x/1.5x  year fractal  series ending  in 2020.

The third of third fractal beginning in December 2018 is composed of two weekly decay subfractal series of 6/15/15 weeks :: y/2.5y/2.5y and 8/18/16 of 18 weeks :: y/2-2.5y/2-2.5y and one interpolative 11/28/28/18 week decay fractal series:: y/2.5y/2.5y/1.6y.  The  expected low for the system is  28 May 2020.

N. Roubini offers the qualitative pathway forward for the Global Asset Debt Macroeconomic System.