Loading ...=. Despite exceeding the previous high in terms of nominal price, ‘B’ waves are considered corrective. The fundamentals underlying the rally are eroding constantly: solvency, debt accumulation, Ponzi GDP, money printing, capacity utilization, quality of jobs, real wage growth, distribution of wealth, malinvestment etc.
Every aspect of a ‘B’ wave is fake.
U.S. stocks / Federal debt:
Which is why this decline will be one trend degree larger than 2008…
