Alex J. Pollack on Unpredictable Financial Events

Alex J. Pollack, a seasoned professional with a diverse background in finance, shares insights on the unpredictability of financial events, emphasizing that crises often exceed initial predictions. He highlights the tendency for financial crises to worsen beyond expectations, citing historical events like the savings and loan collapse and the 2007-2009 financial crisis. By discussing the risks in the banking system, commercial real estate, and interest rate volatility, Pollack warns of potential future challenges and surprises in the financial sector.