The World’s Most Dangerous Systemic Risks

by James Autio

Autio consolidates and integrates an assessment of the world’s most dangerous systemic risks that can impact your quality of life.

The World’s Most Dangerous Systemic RisksThere are two paramount foreground dangers and a third that is moving closer to the foreground. We are currently experiencing the biggest, global-scale, financial bubble in history, and this is not a one-dimensional bubble like the Crash of 1929, the 2000 dot-com bubble or the 2008 housing bubble. This is present in all asset classes: stocks, bonds, and real estate. Because of this, it is in a different category than any previous bubble.

The driver behind this enormous bubble is central bank intervention that has been sustained since 2008 on an unprecedented scale when viewed by the aggregate activity of the world’s central banks: the US Federal Reserve, the European Central Bank, the Bank of Japan, the Bank of England and the Swiss National Bank. What also makes this financial bubble different, besides its size and ubiquity, is its vulnerability to a massive implosion.

Bottom line: Existential risk from gray swans  is in the pipeline and coming home to roost. And, of course, black swans always remain unknown, and a heartbeat away. Prepare accordingly.


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