Here’s three new cases:

• Shipping – see Sink or Swim on massive over-building [also discussed in my presentation on lessons from the crisis]
• Commercial real-estate – see article on office vacancy.
• Insurance – can’t say more on this at the moment, as there’s a client opportunity, but there is crystal-clear evidence of the big swings in profitability in this industry too.

As I say, the frustrating thing is that we know why it happens, and some strategies for coping ...