I said the time varies as the composition of the economy varies over time and those with their hands on the levers vary in skill and bravery as to whether they do what has to be done. Paul Volcker was an exception and right now we have timid bankers trying to muddle through...... Stagflation is the likely result of that.
This is what happens when demand falls off a cliff but producers do not realise it in time >
Tesla has the same problem and has to hire car park spaces for his unsold cars which are already overrun with cars as they keep coming. This is why Tesla is sacking 10's of thousands of workers as fast as they can.
