Market Correction? Try Perma-Crisis

[GG]

It's been a scary couple of days. I'd bet, given recent events in the markets, like many, you'd like to get to the bottom of what the heck is really going on here. Why does everything we try to fix this crisis seem not to work? ................................

1. When you don't reinvent institutions at a time of systemic failure, the problems they're creating don't just magically disappear.
   
2. When you prop up (read: bail out) the institutions causing the crisis, instead of reinventing them, the crisis will deepen.
   
3. When dysfunctional institutions prop one another up, prosperity's a house of cards. Crisis becomes stagnation.
   
4. When propping up failed institutions has drained your resources, you've turned a crisis into a catastrophe.
   
5. The longer it takes you to see a crisis for what it truly is, the disproportionately worse it's likely to get.
   
6. When people who are prisoners of the paradigm that caused the crisis are in charge of fixing it, bet on...more crisis.

http://blogs.hbr.org/haque/2011/08/market_correction_try_perma-cr.html

This is an interesting take on the market correction.