Winter is as normal as the comforting warmth of summer. We need winters to prune the excesses of the earlier season and to cull whatever could weaken existence going forward.
The harsh volatility of markets at present is no different. It is a reaction to excessive debt financed spending and to interest rates that have been artificially too low for too long.
Adjustment processes are never easy, but are necessary to preserve the integrity of the system in future.
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