"Any onset of increased investor caution elevates risk premiums and, as a consequence, lowers asset values and promotes the liquidation of the debt that supported higher asset prices, ... This is the reason that history has not dealt kindly with the aftermath of protracted periods of low risk premiums."

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In a lifetime among cops since, I've noted that investigators who piece together the aftermaths of home invasion murders tend to keep their guns on all the time after that, even when off duty in their own house, and keep them by the bed when they go to sleep.They have learned from the helplessly-murdered dead

— Massad Ayoob