Blog: The Risks Keep Piling up
But we have not yet reached critical mass.
My indicators are based upon a simple idea. Individual risks can be high, but if they go off in isolation when other risks are low, the effect is temporary. However if many risks are high at the same time, when one goes off, they set one another off causing a risk cascade. Such a risk cascade can set off a bear market, as well as a recession. Or even a financial crisis.
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