The past 20-25 years are interesting because of the frequency of economic crisis that become rather frequent, way more frequent than they should be. The economic model is in a systemic crisis, which shows in symptoms. Here is an interesting one – the overlay of 2008 to 2025 S&P performance. Since, the roots of the problem were not addressed when they were still manageable with little blood in 2008, the bleeding will be worse now. The common sense says, you can hide the dust under the rug, but there is just that amount of dust, which the rug can hold until it can not anymore. The 2008 solution delayed the crisis, but not fixed it. And sure enough, there is the pendulum effect – the more one postpones the settlement, the harder it will hit back.
