Yes. There will be recessions and periods of growth. The economy is a chaotic non deterministic system. It is never stable and is not predictable. It’s not homo

Yes. There will be recessions and periods of growth. The economy is a chaotic non deterministic system. It is never stable and is not predictable. It’s not homogenous either. Some sectors grow while others contract. When the next recession comes nobody knows. I think the worry is that when the next haircut on stocks happens the Fed can’t stimulate the economy with interest rates because they’re already zero bound. That could mean a long recession and slow recovery, and possibly catastrophic considering that most Americans choose to put all their retirement savings in the stock market. Historically, there have been huge stock crashes periodically. You could wake up tomorrow and see a 10-20% drop in stocks for multiple days. It’s happened before.