It seems that all market events that have taken place throughout history are bound to happen again and again indefinitely into the future. Economies will cycle from expansions to peaks to recessions to troughs and back again. Euphoric stock market booms will be followed by catastrophic busts. And all the while policy makers will enact changes under the misguided and ultimately destructive assumption that THIS TIME they finally have the answers to solve all ills and break the perpetual cycle.
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