Change is always with us, but its current magnitude, speed, and depth is unlike what most people have experienced in their lifetimes.

Slow-rupturing tsunami earthquakes are difficult to observe and can be misrepresented by current systems … they create a tsunami much larger than expected for the magnitude of the earthquake.

What the current crisis does underline, however, is that a cyclical downturn associated with a collapse of the banking system is by an order of magnitude worse than a normal cyclical downturn.