The idea that crises only occur once in a generation . . .

. . . is simply not true.

Generation gap

You may have heard some experts say that . . .

the banking crisis (of 2008-09) was the last in a generation

Indeed, I’ve heard one financial adviser /educator use exactly that phrase as part of his ‘investment training’ series.

So I’d suggest that you don’t take that bit of his course too seriously!

News for the 'experts' who say crises only come once in a generationClick To Tweet

Of course , we might not find out if the 2008-09 crisis was the last in a generation – for another 40 years or so 😉

Then again , we might find out a lot sooner than that and the evidence is quite clear . . .

Big crises are not spread out neatly with generational gaps in between.

They tend to come in clusters.

What’s more, if stock and debt markets are ‘over extended’ (as they tend to be) when a banking crisis strikes, the pain of unwinding can be all the more severe.

So perhaps a better question is whether markets are over extended right now?

And I think that most ‘reasonable’ people would say that they are. More here

I’d also suggest that you keep an eye on the warning signals here

And take good care out there

Paul

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