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The last crisis happened a little less than a decade ago, and crisises happen way more often than you seem to realize. 2008, 2001, 1987, 1973 all saw crashes d
by enkid 5y ago
The last crisis happened a little less than a decade ago, and crisises happen way more often than you seem to realize. 2008, 2001, 1987, 1973 all saw crashes due to some sort of crisis. It seems to happen about once a decade now. There was a period between 1929 and 1973 when they were less common, but before that, they seemed to happen at about that frequency as well.
- majormajor 5y agoIf you subscribe to a time-period thing, I guess a lot depends on how you look at the 2020 market fall and recovery... was it too fast to count??
- enkid 5y agoI don't think it's related to a time period, more just random external factors. Obviously, there has to be some periodicity because a there's no such thing as a back to back crash, it would just bigger crash, but I don't think there's evidence that the market will have a done year every 8-12 years.