The way I see it recessions are like confession time. You got to God (the market) and admit you bad ways(bad debit). If everyone confesses early to all the bad things they have done then things get back on track quickly. Currently where in the forgiveness stage. This can only last so long before where on the road to recovery.
Every time there is a recession or boom people say its the worst ever. 2 years ago we had to listen to people sprout off about how where in this massive mining boom that will never end because china will always need our minerals. Now the same people are telling us this is the worst recession ever and well be lucky its going to take 5 years to come out the other side.
