Susan Walker quoted historian John Brooks last week in The Daily Reckoning:
[It] came with a kind of surrealistic slowness … so gradually that, on the one hand, it was possible to live through a good part of it without realizing that it was happening, and, on the other hand, it was possible to believe one had experienced and survived it when in fact it had no more than just begun.
He was writing about how it felt to live during the Great Depression, 1929-1933. She was writing about US housing markets these days. I wonder if it might not apply more broadly than that.
At what point does not knowing become worse that any one of the possible outcomes? Isn’t that the moment when the next big things really get to begin? The moment when we finally decide? And what if some billions would decide all at once?