Wealth cannot be created by Credit Expansion.
For a while it can create the Perception of Wealth. Today, Market Capitalization to GDP stands a ~200%
Former major tops:
In 1929: 109%
In 2000: 130%
In 2007: 105%
Largest Recession and Bear Market will unfold over coming years!
https://x.com/HenrikZeberg/status/1819230063251886392
....but I am very certain, few would listen to Henrik.
....the Melt-UP isn't over according to him; but a Melt-Up does not mean a rising tide that lifts all boats.
....but consider the opportunity to sell into any strength a fortunate escape door.
....95% of people will wait to see it happen before deciding what to do.
....all because they weren't prepared to take a small loss or gain.
....as Vern Gowdie reminded us "Winning Is Not Losing".
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