An early predictor of the 2008 financial crisis warned that interconnected vulnerabilities in the global economy could produce an even worse collapse. Though often analyzed as separate risks, the AI boom, troubled private credit, and Iran-related shocks are merely “different entry points into the same underlying structure,” Richard Bookstaber argued in The New York Times, noting that “the specific source of stress matters less than how quickly that stress can spread.” Trouble could first appear as disruptions to semiconductor supply chains or AI-related infrastructure and cascade into system-wide failure. Uniquely opaque, and exposed to AI, private lending poses particular dangers: A leading credit hedge funder said Monday that a “substantial portion” of the $2 trillion industry was already “stressed or distressed.”
walt4815162342 on
I, for one, am grateful that my brainwashed parents vote in a Republican every eight years or so to come in and nuke the global economy. Really helps me stay busy, stay workin … treat everything like it’s my first project, like when I was an intern, just stay hungry
Serpico2 on
As one of the oldest millennials, I’m getting real tired of “unprecedented.”
3 Comments
An early predictor of the 2008 financial crisis warned that interconnected vulnerabilities in the global economy could produce an even worse collapse. Though often analyzed as separate risks, the AI boom, troubled private credit, and Iran-related shocks are merely “different entry points into the same underlying structure,” Richard Bookstaber argued in The New York Times, noting that “the specific source of stress matters less than how quickly that stress can spread.” Trouble could first appear as disruptions to semiconductor supply chains or AI-related infrastructure and cascade into system-wide failure. Uniquely opaque, and exposed to AI, private lending poses particular dangers: A leading credit hedge funder said Monday that a “substantial portion” of the $2 trillion industry was already “stressed or distressed.”
I, for one, am grateful that my brainwashed parents vote in a Republican every eight years or so to come in and nuke the global economy. Really helps me stay busy, stay workin … treat everything like it’s my first project, like when I was an intern, just stay hungry
As one of the oldest millennials, I’m getting real tired of “unprecedented.”