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Periodic corrections/recessions are a necessary and healthy part of capitalism. Unfortunately, stock markets (and other asset classes) have been vigorously prop
by jazzyk 11y ago
Periodic corrections/recessions are a necessary and healthy part of capitalism. Unfortunately, stock markets (and other asset classes) have been vigorously propped up by central banks in recent years (especially so after 2008).
Market corrections (and recessions) separate the good from the bad. Right now, there are many banks/companies which should not be in business at all. And they lock up resources which could be used elsewhere, and more efficiently.