It’s time to talk about the P-word. No, not the dreaded pivot, but paradigm, are we in a new one?

When we think of the phrases “paradigm shift”, and “this time its different”, it usually refers to familiar bubbliciuous narratives. Arguably crypto, meme stocks, SPACs, no-profits high growth companies and Chinese property bonds were bubbles, where prices ballooned in the post-Covid boom, and travelled too far before being shot down and crashing to earth.