Grant’s Current Yield Podcast
AROUND THE BEND
Feb 22, 2024
Podcast explores predicting financial crises and historical perspectives on inflation with special guest Alex J. Pollock. Discussion includes the potential severity of a commercial real estate crisis, challenges for commercial banks, and reflections on past economic crises. The conversation also touches on the guest's achievements and lighthearted anecdotes.
36:10
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Quick takeaways
- Financial crises often surpass initial predictions, with historical events like savings and loan collapse serving as examples.
- Colleges should share the burden of student loan defaults to align incentives and mitigate financial risks effectively.
Deep dives
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.
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