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The point is that there are always differences - each recession is a snowflake, with distinct causes and circumstances. That doesn't impact the fact that they a
by nevinera 11y ago
The point is that there are always differences - each recession is a snowflake, with distinct causes and circumstances. That doesn't impact the fact that they all behave pretty much the same way at the large scale, and it shouldn't affect your decisions about the market (unless you are an expert, and inordinately good at avoiding various cognitive biases).
Gloom and Doom sells papers, and it always has.
- mrdodge 11y agoThere is nothing about growth that is guaranteed. Perhaps thinking that the entire world can adopt western style institutions and would become good consumers was too optimistic.