All this talk of cliffs is misleading, since it implies there’s a pile of something at the bottom of the cliff. Bruised and torn bank notes, wrinkled credit reports, ripped IOU’s, contracts, stuff like that. Makes you think OK, we’ll carefully go through, reconstruct it, and go forward from there.
Just wishful thinking, like when the towers fell on 9/11. We sifted through the debris pile for personal effects, remains,...