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In that case, it is not just boom. It is boom, boom, boom.
Those who play contrarian think this is normal time, with normal boom-bust cycles. The present issue in Europe and for that matter even in US could be a 10-year cycle. Anyway no one should be playing contrarian on essentially pension fund money where returns have to be given to account holders every year or every month. Dip into the reserves again if there is a shortfall?