It is an axiom nowadays that no bank fails for lack of capital; unprofitable lending is always the underlying cause.
Progress is cumulative in science and engineering, but cyclical in finance.
In general, markets know more than the people who write about them.
Every debt is ultimately paid, if not by the debtor, then eventually by the creditor.
Hope sustains life, but misplaced hope prolongs recessions.
In almost every walk of life, people buy more at lower prices; in the stock market they seem to buy more at higher prices.