Re: How Do You Define "Fast Crash" vs. "Slow Crash"?
Posted: Mon 05 Sep 2011, 19:10:45
I think that what most of us mean when we talk about "slow" versus "fast" crash is the irrevocable failure of the global or national economy.
A fast crash is something that is going to happen suddenly and with very little warning. 2008 was a fast crash. Almost overnight, the world was a very different place.
A slow crash is something that is going to take years to occur. The breakdown of the fabric of our civilization occurs in stages, over a period of years rather than weeks or months. The fast crash of 2008 was, of course, part of a much larger global story and crash which has been playing out since, I think, the beginning of 1999, when oil prices bottomed out, started to increase, with the only price drops coming during recessionary or slow periods.
A fast crash is something that is going to happen suddenly and with very little warning. 2008 was a fast crash. Almost overnight, the world was a very different place.
A slow crash is something that is going to take years to occur. The breakdown of the fabric of our civilization occurs in stages, over a period of years rather than weeks or months. The fast crash of 2008 was, of course, part of a much larger global story and crash which has been playing out since, I think, the beginning of 1999, when oil prices bottomed out, started to increase, with the only price drops coming during recessionary or slow periods.