Yeah, it's not a violent growth/crash cycle that people usually refer to as the outcome of a "bubble" (1929, 1987, 2001). I.E. the velocity is different. Right

Yeah, it's not a violent growth/crash cycle that people usually refer to as the outcome of a "bubble" (1929, 1987, 2001). I.E. the velocity is different. Right now it looks like a gentler reversion to the mean in GDP growth from the peak of this 6-year business cycle, which was much less pronounced than previous business cycle peaks. But who knows - the failure of a large firm that was generally thought to be solvent could set off another crash.