When you have been around investments and economics as long as I have, you hear certain phrases over and over again. These are a common few: • Don’t put all your eggs in one basket. • You can’t fight the Fed. • A rising tide lifts all boats. Most of these sayings have some merit. One that I’ve heard on several occasions that tends to worry me is, “it’s different this time.” I’ve heard it often enough and been around this industry long enough that I actually used that phrase as an article title ahead of the recession in...