Whether or not this is the start is not so important, but remember it's been a while since the last one, and it's a common thing to occur in the economy, or any other ecological system.
It's also something that has an important role. Investors at some point need to decide which businesses are viable, which are not. Workers need to consider career changes. Corporate entities need to consider which projects are worthwhile. All those kinds of decisions are put to the test when not everything can be given a long horizon.
Finally, there is a twist this time. We've been running a financial experiment with few parallels over the last decade or so.
It's also something that has an important role. Investors at some point need to decide which businesses are viable, which are not. Workers need to consider career changes. Corporate entities need to consider which projects are worthwhile. All those kinds of decisions are put to the test when not everything can be given a long horizon.
Finally, there is a twist this time. We've been running a financial experiment with few parallels over the last decade or so.