So much this. Every recession that I remember studying in my economics classes had an actual market failure acting as a trigger that caused widespread panic wh

So much this. Every recession that I remember studying in my economics classes had an actual market failure acting as a trigger that caused widespread panic which resulted in a recession. The 2018 us stock market downturn comes to mind as a panic that didn't result in a recession because there was no actual market failure causing actual economic harm outside of pure speculation.