The point is that there <i>are</i> always differences - each recession is a snowflake, with distinct causes and circumstances. That doesn&#x27;t impact the fact that they all behave pretty much the same way at the large scale, and it shouldn&#x27;t affect your decisions about the market (unless you are an expert, and inordinately good at avoiding various cognitive biases).<p>Gloom and Doom sells papers, and it always has.