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I Predicted the 2008 Financial Crisis. What Is Coming May Be Worse
- Richard Bookstaber“…We have returned to a period of risk, one rife with the sort of pressures that have led to major financial crises. This time, the risks are spread across industries, markets & nations∶ #ArtificialIntelligence, the roughly $2 trillion private #credit industry, #StockMarkets, #Taiwan & now #Iran…”
#economy #Trump #inflation #tariffs #war #CostOfLiving #energy #recession
https://www.nytimes.com/2026/03/16/opinion/financial-crisis-private-credit-ai-iran-taiwan.html?unlocked_article_code=1.UVA.yTzr.YtftnMqyQMfl&smid=nytcore-ios-share -
I Predicted the 2008 Financial Crisis. What Is Coming May Be Worse
- Richard Bookstaber“…We have returned to a period of risk, one rife with the sort of pressures that have led to major financial crises. This time, the risks are spread across industries, markets & nations∶ #ArtificialIntelligence, the roughly $2 trillion private #credit industry, #StockMarkets, #Taiwan & now #Iran…”
#economy #Trump #inflation #tariffs #war #CostOfLiving #energy #recession
https://www.nytimes.com/2026/03/16/opinion/financial-crisis-private-credit-ai-iran-taiwan.html?unlocked_article_code=1.UVA.yTzr.YtftnMqyQMfl&smid=nytcore-ios-share“These risks are analyzed one by one, news article by news article. We understand them in isolation. Yet they are different entry points into the same underlying structure — a complex and tightly coupled system where the specific source of stress matters less than how quickly that stress can spread.
“Signs of systemic strain are emerging.”
#US #economy #Trump #policy #inflation #tariffs #war #affordability #CostOfLiving #AI #energy #climate #recession
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“These risks are analyzed one by one, news article by news article. We understand them in isolation. Yet they are different entry points into the same underlying structure — a complex and tightly coupled system where the specific source of stress matters less than how quickly that stress can spread.
“Signs of systemic strain are emerging.”
#US #economy #Trump #policy #inflation #tariffs #war #affordability #CostOfLiving #AI #energy #climate #recession
“…This time, the danger isn’t financial engineering. It’s that our #financial system has attached itself to the vulnerabilities of our physical world— #power grids, #water, #land, supply chains—& created hazards markets have no framework to analyze. Our models for detecting risk look at prices, volatility & correlations. They have no instruments for reading #grid failure, drought or a severed #SupplyChain. By the time warning signs show up in market data, the damage will already have been done.”
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I Predicted the 2008 Financial Crisis. What Is Coming May Be Worse
- Richard Bookstaber“…We have returned to a period of risk, one rife with the sort of pressures that have led to major financial crises. This time, the risks are spread across industries, markets & nations∶ #ArtificialIntelligence, the roughly $2 trillion private #credit industry, #StockMarkets, #Taiwan & now #Iran…”
#economy #Trump #inflation #tariffs #war #CostOfLiving #energy #recession
https://www.nytimes.com/2026/03/16/opinion/financial-crisis-private-credit-ai-iran-taiwan.html?unlocked_article_code=1.UVA.yTzr.YtftnMqyQMfl&smid=nytcore-ios-share@Nonilex We need to build a good team.
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R relay@relay.an.exchange shared this topic
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I Predicted the 2008 Financial Crisis. What Is Coming May Be Worse
- Richard Bookstaber“…We have returned to a period of risk, one rife with the sort of pressures that have led to major financial crises. This time, the risks are spread across industries, markets & nations∶ #ArtificialIntelligence, the roughly $2 trillion private #credit industry, #StockMarkets, #Taiwan & now #Iran…”
#economy #Trump #inflation #tariffs #war #CostOfLiving #energy #recession
https://www.nytimes.com/2026/03/16/opinion/financial-crisis-private-credit-ai-iran-taiwan.html?unlocked_article_code=1.UVA.yTzr.YtftnMqyQMfl&smid=nytcore-ios-share -
R relay@relay.mycrowd.ca shared this topic