In a really large crisis, the return on risk assets may look decent from ten years before to ten years after, but a lot of people get surprised by their need to draw on those assets at the wrong moment — bad events come in bunches, when the credit cycle goes bus
In a really large
crisis, the
return on risk assets may look decent from ten years before to ten years after, but a lot
of people get surprised by their need to draw on those assets at the wrong
moment — bad events come
in bunches, when the credit cycle goes bus
in bunches, when the credit cycle goes bust.
At a
moment of crisis faith must have an inevitable temptation to
return to an earlier or even a primordial form
of the Word, but such a path is fundamentally a repetition
of the universal mystical quest, and can by no means be judged to be a positive witness to the Word that becomes incarnate
in the world.