This is more like the economics that we were trained to do. But it is still hard because a lot of standard economic theory necessarily starts from a presumption that the environment is stable. Waves, by definition, are a period of transition between two different states of the world. This doesn't mean that our economic understanding is all superfluous.
The rate of growth of the major Super Fund’s also increases the scope and magnitude for the areas of responsibility and accountability requiring prudential management of members’ funds.