Tracing the 2008-2009 Financial Meltdown Through a Metastable Phase Space

We can trace a path through the phase space shown in Figure 1 that shows the same kind of behavior as the financial world went through during the 2008-2009 meltdown.

Figure 1 shows a “path” going from a low-active state to a high-active state (3) back to low-active state (7) again. (To be continued)