Quincy

Wildfires, Financial Crises, and Type Conversions in Markets

Continuing the analogy, natural fire cycle interference by - surprise, surprise - government agencies, ultimately results in the damaging big burns that begin the cycle of ecological succession you are referring to as type conversion. Type conversion principally occurs because of invasive species replacement of native plant communities.

The current "type conversion" in the markets may also be caused in part by government interference (read - printing money) and reflect the presence of "invasive species" in the form of foreign capital and "creative" investment processes like derivative funds.