The Financial System is a Giant Polycrisis Waiting to Happen
The author argues that today’s financial system faces a polycrisis characterized by multiple vulnerabilities including highly leveraged Treasury basis trades, record sovereign debt levels, commercial real estate refinancing pressures, growing exposure within opaque non-bank financial institutions, dangerously concentrated AI-driven equity markets, and destabilizing geopolitical pressures from conflicts involving Iran and Russia. Unlike 2008, where stress […]
The Financial System is a Giant Polycrisis Waiting to Happen Read More »









