It is, and eventually, we will probably run into a real game-changer.. but I&#x27;m mostly concerned for all the people that are saving money in index funds. Every recession, the news and the discourse are about how this one is special, and how the causes of this recession run <i>so deep</i>.<p>People are not good at remembering that we had those same conversations last time and the time before - they get a gut feeling that &#x27;this is the big one&#x27;, and they pull their money out of the market during the recession and put it back in after everything&#x27;s ok, essentially tossing a major fraction of their life savings overboard.<p>What people seem to never consider is that when we actually move out of an expansionist economy, the effects will be much broader than &quot;our stock returns are not so good anymore&quot;; their inability to retire at 65 would be the least of their concerns.