The Effects of the Free Market on Market Recency

Recency is a really big issue and to some extent frequency stuff there's not a great reason why we should have been less worried about mismatches between assets and liabilities before all the banks are to fail. Even in things that make no sense people do this like literally after we had three really bad hurricanes in a row which is unusual many many years ago. It's as if they think the risk is reduced it's not reduced in any way so there are things where like one event does make it more likely that others will happen certainly when we're in the midst of the different bank failures.