A crisis is always post facto and never ex ante

Although history has witnessed a bunch of prodigious economist and financial analysts who had timely warned us of the financial and societal catastrophes, but there is a survivorship bias to this fascinating fact. On the flip side there have been numerous occasions where the prophecy went void. I don’t doubt their abilities, but landmark events can never be predicted to precision. Specifically talking about financial and economic crisis, it is like fishing in the dark, you actually never know if you are part of one and signals just help you confirm your apprehensions, but still leaves your forecasts subject to universal acceptance.

Again contemplating about whether I could foresee mega events like the 1940s, 2008s in the making. The best part of an economic crisis is that it will always arise from untapped segments of theories, because past crisis rendered us perpetual lessons.

Offlate the global equity indices are running red session after session. The major economies seems overheated and have been escalating without fundamental development. US markets are running their longest ever bullish run, and has not seen a dip from a decade. Blind dominance of the US markets over other bourses leaves efficient market hypothesis just a theory. We can witness clear ripples with infact the same intensity across the globe.