It’s only math after all. And the Chinese property Index tells it all for a deflationary collapse …

For the ACWI from the 7 April 2025 low:10/25/20 days :: X/2.5x/2x and 3/8/8 days:: x/2.5x/2.5x,

For Bitcoin’s proxy: GBTC from the 2015 low: 14/28(6/12/12) quarters :: x/2x and from the Dec 2023 low 25/62/50 weeks x/2.5x/2x …

For the Bank of Shanghai from the Dec 2023 low: 28/56 weeks :: x/2x …

And for the Shanghai property index from the April 2024 low: 16/37/18 days…