
TIP542: The Crisis is Bigger Than Banks w/ Jeremy Grantham
We Study Billionaires - The Investor’s Podcast Network
The Unpredictability of Financial Crises and the Breaking Point
The breaking point of the financial system is unpredictable, much like the first brick to fall in a dam/nThe financial and economic systems are complicated, and pressure builds as confidence falls and debt hurts/nThe unexpected nature of financial collapses is inherent and exemplified by the surprise collapses of Sterns and Silicon Valley/nIt is important to expect unexpected events in the financial and economic systems
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