[bell-cot]

Subtitle:

> Though they varied in length and severity, the market always recovered and went on to new highs.

True. But that only works if the nation itself recovers and goes on to new highs.

[cjonas]

Ya I think the past it felt as if the US was sharing in a global recession. This time it feels self inflicted and US Hegemony may be a thing of the past. If the dollar is no longer the world's reserve currency, I'm not sure how easily we'll be able to recover...

[lucianbr]

I really don't understand the subtitle, and the argument implied, which countless people make. Do they really believe new things can't happen?

"This thing has lasted for X years so it can't fail now". Wha...? I mean, maybe it will not fail, but not for the reason that it has lasted this much. Everything has an end, and things not observed before do happen.

If anything, what we can learn from the last... any period really, is that something unexpected will happen.

[etchalon]

It's also only true until it isn't.