The financial world isn’t liable to just crash. It’s a myth of popular economics to think so. The fortunes of countries don’t tank overnight. The process is long.
It’s the belief of some that policy guides collapse. It’s seen as a slow-motion car crash. They at least see the pieces coming together, and seek to avoid the impact.
The so-called tried and tested ‘models’ of thriving in a time of turmoil are proven to fail, however, and analysis only really proves itself in the short term.
It’s fair to say crashes are mistakes, not intentions. There isn’t a bank that plans for it, and there aren’t any that avoid its break on the shores of customer behaviour.
The essential flaws in any system need exposure, and smoothing out. The chaos that ensues around it is something of a modern phenomenon now.
