{"id":5402,"date":"2023-07-02T14:21:38","date_gmt":"2023-07-02T14:21:38","guid":{"rendered":"http:\/\/www.economicfractalist.com\/blog\/?p=5402"},"modified":"2023-07-03T01:47:20","modified_gmt":"2023-07-03T01:47:20","slug":"the-bank-of-shanghai-the-canary-asset-in-the-global-asset-debt-macroeconomic-fractal-systems-coal-mine","status":"publish","type":"post","link":"http:\/\/www.economicfractalist.com\/blog\/2023\/07\/02\/the-bank-of-shanghai-the-canary-asset-in-the-global-asset-debt-macroeconomic-fractal-systems-coal-mine\/","title":{"rendered":"The Bank of Shanghai: the Canary Asset in the Global\u00a0Asset-Debt Macroeconomic Fractal System’s Coal Mine\u00a0"},"content":{"rendered":"
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China corporate debt was \u00a029 trillion\u00a0in the first quarter 2023, nearly equaling total US federal debt.\u00a0<\/p>\n\n\n\n

Chinese corporate debt \u00a0supplied by the CCP and its banking system has powered the greatest ever GDP\/dt \u00a0expansion in the world’s history. \u00a0But, now it is over, \u00a0straining since late 2017.<\/p>\n\n\n\n

China is collapsing, not unlike the US collapsed\u00a0in 1929 as wages are being decreased, service sector and manufacturing unemployment is growing, Chinese real estate,\u00a0the\u00a0asset ownership of choice,\u00a0 is undergoing devaluation, and mortgages are undergoing default in a systematic domino exponential collapse. The Chinese financial industry has had wage reductions of up to 40 percent over the 3-9 months. <\/p>\n\n\n\n

The global asset-debt system is interlocking. The collapse of the Chinese banking and real estate interlinked systems will parallel an  interlocking nonlinear collapse in global asset commodity and stock prices. Last week’s nonlinear daily  gapped lower valuation of the Bank of Shanghai is the early telltale death canary in the global system’s asset-debt coal mine. <\/p>\n\n\n\n

Since late 2017, the Chinese banking system and near  peak real estate valuation have been undergoing quantitative  fractal decline leading to a precipitous nonlinear devaluation over the next 3 weeks. The monthly fractal declines  for the Bank of Shanghai are following a very classic repetitive y\/2-2.5y\/2y decay fractal series.<\/p>\n\n\n\n

\u00a0From November 2017 a 9\/20\/18 months decay series is followed by a like 5\/12\/9 of 10 month decay series ending in July 2023 with an expected lower low in about 10 months.<\/strong><\/p>\n\n\n

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The y\/2-2.5y\/2y :: 5\/12\/9 of 10 month decay series equates to a y\/2-2.5y\/2y :: 19\/42\/35 of 38 week decay series.<\/p>\n\n\n

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The terminal portion of the 35 of 38 week series is a 3\/28\/2023 \u00a011\/28\/22\/4 of 16-18 days. (The below graph incorrectly annotates day 5 of 16-17)\u00a0Already, a large nonlinear lower \u00a0gap can be\u00a0observed between\u00a0day 1 \u00a0and 2 (6\/26 and 6\/27\/2023) of the final\u00a017 day series. A 3\/3 of 8\/8 day decay series ::y\/2.5y\/2.5y \u00a0would complete the 17 day series.<\/p>\n\n\n

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Debt has been over expanded to power asset production and valuation growth in the US, China, Europe, and India. <\/p>\n\n\n\n

The global asset-debt system is currently near the time period of final valuation growth and abrupt \u00a0nonlinear deleveraging. An expected 10 additional months to a lower final low is expected in-spite of the federal reserve rapidly reversing course and introducing QE with again near zero long term interest rates.<\/p>\n\n\n\n

For the US Wilshire the final daily \u00a0fractal series is a 17\/36\/26 of 37-38 <\/strong>day growth and decay fractal \u00a0series of xy\/2xy\/2xy, starting on 13 March 2023.<\/p>\n\n\n\n

Tesla is following a 3 January 2023 24\/56\/46 of 57-58 day :: y\/2-2.5y\/2- 2.5y decay series, Observe the 56 day second fractal’s nonlinear gapped low between day 51 and 52, in the terminal 2-2.5x region, characterizing a second fractal. A secondary lower high peak valuation is expected near day 48 of the third fractal. The x\/2-2.5x\/2x :: 24\/56\/48 day growth fractal will then efficiently transform into a y\/2-25y\/2-2.5y decay fractal. An interpolated fractal from 5\/16\/2023 of 7\/15\/13-14\/10-11 days will complete the 24\/56\/57-58 day Tesla decay fractal series. <\/p>\n\n\n\n

<\/p>\n\n\n","protected":false},"excerpt":{"rendered":"

China corporate debt was \u00a029 trillion\u00a0in the first quarter 2023, nearly equaling total US federal debt.\u00a0 Chinese corporate debt \u00a0supplied by the CCP and its banking system has powered the greatest ever GDP\/dt \u00a0expansion in the world’s history. \u00a0But, now it is over, \u00a0straining since late 2017. China is collapsing, not unlike the US collapsed\u00a0in … Continue reading The Bank of Shanghai: the Canary Asset in the Global\u00a0Asset-Debt Macroeconomic Fractal System’s Coal Mine\u00a0<\/span> →<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-5402","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"http:\/\/www.economicfractalist.com\/blog\/wp-json\/wp\/v2\/posts\/5402","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/www.economicfractalist.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.economicfractalist.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.economicfractalist.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/www.economicfractalist.com\/blog\/wp-json\/wp\/v2\/comments?post=5402"}],"version-history":[{"count":4,"href":"http:\/\/www.economicfractalist.com\/blog\/wp-json\/wp\/v2\/posts\/5402\/revisions"}],"predecessor-version":[{"id":5411,"href":"http:\/\/www.economicfractalist.com\/blog\/wp-json\/wp\/v2\/posts\/5402\/revisions\/5411"}],"wp:attachment":[{"href":"http:\/\/www.economicfractalist.com\/blog\/wp-json\/wp\/v2\/media?parent=5402"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.economicfractalist.com\/blog\/wp-json\/wp\/v2\/categories?post=5402"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.economicfractalist.com\/blog\/wp-json\/wp\/v2\/tags?post=5402"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}