In the asset-debt macroeconomic system there is an underlying self-ordering mathematical fractal pattern in composite asset valuation growth to composite asset peak valuation and thereafter decay to composite asset nadir valuation.

Governments and central banks can expand credit and the money supply but are constrained by inflation of assets affecting the pyramid base population of the system. Overvaluation of assets represents a limiting barrier to further consumption in the face of constrained base population job availability and the nonlinear limiting factor of ongoing financial stress of debt servicing and further debt expansion. The mathematical self-assembly deterministic fractal process in the tradeable markets represents the optimal growth and decay investment pathway in the global asset debt macroeconomic system – just as does the steady state of the self-assembly process of the growth and decay of galaxies and black holes occur in the infinite universe.

In the current system, 40 years of billionaire-led. corporation-led, both US political party led globalization, lowest-wage highest corporate profit led, and resulting international production, transport supply chains, and assembly … are being suddenly rent apart by US tariffs politically intended to bolster American internal product line manufacturing.

This populist political anomaly is coincident with the timing of the 1982 credit cycle began by Volcker’s 13-15.5% 3 month interest rates which has been fueled by gradually declining interest rates and extraordinary US peacetime percentage GDP-deficit spending.

A 1982- 2026 13/33 year x/2.5x fractal credit cycle is an interpolated part of a greater US 1807 36/90/90/54-57 year x/2.5x/2.5x/1.5-1.6x.

The 2020 15% US deficit to GDP COVID money expansion economy began with a nadir in the global composite ACWI equity index in March 2020. It is hard to imagine how a president whose name was at the bottom of the treasury checks sent to unemployed individuals resting at home and now making more than their usual salary, lost the Nov 2020 election.

The current fractal projection from the 27 Oct 2023 low is: 118-119 //243//119-120 and 124 = 243//147 days :: x/2x+/2x+/1.5x’.

An ACWI peak is predicted on 22 Aug 2025 followed by a 5/10-11/10-11 day 3 phase crash decay fractal series ending near 25-26 September 2025. From the April 2025 low a 10/25/20 day :: x/2.5x/2x growth fractal series is followed by a x/2x/2x’ growth series of 10/20/16 days with x’ = 8 days of the observable 20 day 2nd fractal and the 3rd fractal 2x’ or 16 days, reaching a peak on 22 Aug 2025.

A growth fractal of 119-122 days is expected with falling US fed funds rates and lowered US interest rates with the US 3 month rate reaching near zero. The following ACWI 119-122 high will not exceed the 22 Aug 2025 high. A nonlinear collapse will the result in a sequential 124 day or total 2x+ 243 day nadir. The 147 day 1.5 x’ 4th fractal double low nadir will occur near the 2026 midterms. Tariffs will be perceived as the post hoc ergo propter hoc etiology of an otherwise natural nadir valuation fractal progression.

What is the correct and observable self assembly fractal pathway to the 1982 13/33 year global equity peak valuation and thereafter to the incipient crash low?

The gapped nonlinear lower low on 1 August 2025 identifies the preceding 20 day fractal grouping as a 2nd fractal. The ideal base for a 20 day 2nd fractal is 8 days = x’. The observable base is 10 days starting on 23 June, the same nadir day that concluded a 7 April 2025 10/25/20 day :: x/2.5x/2x fractal growth series.

The peak range of a 3rd fractal with an 8 day base is 2-2.5x’ or 16-20 days with a 4th fractal of 1.5x’ or 12 days. The 3rd fractal appears to be a 1 August 2025 4/7 of 8/8 day fractal growth series with a peak on day 18 or 26 August 2025. A 12 day 4th fractal crash decay would place the crash nadir on 11 September 2025.

On 3 Sept 1929, the DJIA average reached a peak valuation of 381.17. Ninety-six years later (97 by fractal count) on 23 July 2025, the DJIA reached a peak valuation of 45073.63, about 118 times the previous century’s earlier peak valuation. The average US house in 1929 was about 6000 US dollars and in 2025 about 515000, a comparable 85.5 times fold increase in valuation.

The DJIA valuation peak in 1929 was near the close of a US 1807 to 1932 :: 36/90 year first and second fractal series … and the peak valuation in 2025 near the close of a US 1982 to 2026 13/33 year first and second fractal interpolated series, part of the greater US 1807 36/90/90/54 year :: x.2.5x/2.5x/1.5x 4-phase fractal series with a 90 year third fractal peak in Nov 2021.

Going into a population-overdebt-burdened-related, asset-highest-ever-valuation-related, highest-consumer-product-cost(except vehicle fuel), tariff-and-US consumer-paid-for-related … recession … Nvidia’s PE ratio is currently about 59 and Microsoft’s 38, both perfectly valued on a daily basis, but grossly overvalued in the long term credit cycle basis.

From the 27 Oct 2023 low the Global Equity ACWI propelled by historical deficit to GDP annual credit/money expansion followed a 3 phase x/2.5x/2.5x maximum valuation growth fractal progression of 55/139/136 days followed by a 4 phase 5/13/11/7 day decay fractal series ending 7 April 2025.

On 3 Sept 1929, the DJIA average reached a peak valuation of 381.17. Ninety-six years later (97 by fractal count) on 23 July 2025, the DJIA reached a peak valuation of 45073.63, about 118 times the previous century’s earlier peak valuation. The average US house in 1929 was about 6000 US dollars and in 2025 about 515000, a comparable 85.5 times fold increase in valuation.

The DJIA valuation peak in 1929 was near the close of a US 1807 to 1932 :: 36/90 year first and second fractal series … and the peak valuation in 2025 near the close of a US 1982 to 2026 13/33 year first and second fractal interpolated series, part of the greater US 1807 36/90/90/54 year :: x.2.5x/2.5x/1.5x 4-phase fractal series with a 90 year third fractal peak in Nov 2021.

This was propelled yet higher in valuation in 2024 and 2025 by unprecedented US peacetime deficit to GDP Covid spending of about 15% and 12%, respectively, in 2020 and 2021.

Global equity peak valuation, represented by ACWI, which includes Nvidia, the latter now the #1 market cap company at 4.46 trillion, about 15% higher than #2 Microsoft, reached an intraday peak valuation (similar to Nvidia’s ending daily close) on 8 August 2025. The Nikkei reached its blow-off top on 12 Aug 2025 at 42999.71, some 11% higher than its 1989 near 39000 peak occurring some 36 years ago carrying the Global Equity index ACWI likewise to its all time peak valuation on 12 August 2025.

Going into a population-overdebt-burdened-related, asset-highest-ever-valuation-related, highest-consumer-product-cost(except vehicle fuel), tariff-and-US consumer-paid-for-related … recession … Nvidia’s PE ratio is currently about 59 and Microsoft’s 38, both perfectly valued on a daily basis, but grossly overvalued in the long term credit cycle basis.

From the 27 Oct 2023 low the Global Equity ACWI propelled by historical deficit to GDP annual credit/money expansion followed a 3 phase x/2.5x/2.5x maximum valuation growth fractal progression of 55/139/136 days followed by a 4 phase 5/13/11/7 day decay fractal series ending 7 April 2025.

Since 7 April 2025, ACWI valuation growth has occurred in a 17/37/37 day 12 August 2025 peak valuation with a 21-22 day crash decay series ending 10-11 September 2025.

The ACWI 12 August peak valuation to a 10-11 September 2025 initial crash nadir is congruent with a Chinese property crash represented by the Shanghai property index of a April 2025 nadir 4 phase fractal series of 16/36/36-37/22-23 days. The 55 trillion Chinese property bubble is the defining element of the 2025 global equity crash akin to the US 1929 grossly overvalued US equity market.