Part 9/15:
Drawing from personal experience, the guest reflects on market crashes like the 2008 financial collapse, the dot-com bubble, and even Black Monday of the late '80s. He isn't overly concerned about an imminent crash but recognizes that the range of plausible outcomes is wider now than ever.
He points out the extraordinary monetary expansions and government interventions—from multitrillion-dollar deficits to QE programs—that complicate accurate forecasting. The current environment resembles a tightly wound spring, with risks of either prolonged stability or sudden correction.