The answer to the title question is yes. From Charles Hugh Smith at oftwominds.com:
The prospect of a 60% or 80% decline in the NASDAQ index is only horrifying if we stay invested in the index all the way down.
Speculative bubbles are interesting because they’re never bubbles in real time; they’re only recognized as bubbles after they’ve popped, as we sort through the wreckage of the aftermath. Speculative bubbles are equally interesting for their uncanny display of bubble symmetry and scale invariance, two traits of manias.
In bubble symmetry, the decline phase is the mirror-image of the manic boost phase, in both time and amplitude. For example, the NASDAQ’s dot-com bubble rose from around 1,100 in early 1997 to a peak above 5,000 in early March 2000, a rise of about 3,900 over three years.
The bubble-pop phase lasted about three years and covered a decline / round-trip back to around 1,100: a decline of about 77%. The first chart below shows the remarkable symmetry of the bubble’s ascent and collapse.
Scale invariance refers to the similarity of a 600 point bubble that arises in six months to a 6,000 point bubble that arises over 6 years: if we add a zero to the number of months (time) and the number of points (amplitude), the bubbles retain the same characteristics. Put another way, a speculative mania that lasts a week shares the same characteristics of a speculative mania that lasts a month and one that lasts a year.
Symmetry is balance and there is none in Clown World?
NO CBDC without deliberate dollar wipeout and external enemies are happy to help with the Achilles Heel.
O/T-Coffins of French troops left near Eifel Tower, a “foreign” power is expected to be involved. (h/t-RT)
RT says that Brandon doesn’t want to be responsible for WWIII for the laugh of the day.
Reading the latest CHS about Too Much Money Causes Catastrophe.
A great sorting revealing when the filthy lucre becomes scarce is the theme and some great history about perfidious Albion and the Spanish Armada.
This just in from Sturmführer:
Ich Bin Ein Freier Wildbretschutz