Quote:
Originally Posted by iTy
Wasn't the last Australian recession something like 8-9 std deviations from the norm (I recall my stats teacher claiming that, but needs to be verified)? So for a catastrophic collapse to occur, it would have be greater than that?
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I suspect that your stats teacher is a neoclassisist
If you believe that school of thought then yes... there is little to worry about.
I prefer the Austrian School
