We hear a lot of talk in financial and economic circles about “reversion to the mean” or some variation: reversion through the mean or that reversion typically overshoots the mean.

What would mean reversion and overshoot look like?

While some of it is financial and economic and would look like a meltdown, these other aspects are cultural, even geopolitical. When it all snaps the other way it will affect economies, financial markets, but also system fragility, supply chains, social cohesion, even living standards.