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RE: LeoThread 2025-08-17 05:22

in LeoFinance2 months ago

to be runnable and extremely unstable. So why is it, in your opinion, you have this great chart, you have a lot of charts in the book, many dealing with the housing market, some dealing with credit, but you have this one of volatility of the VIX. And you see in the summer of 2007, we mentioned that period where volatility began to increase, the VIX began to spike, and it stayed elevated and choppy for about a year, but leading into the crisis, it began to drop. So there was this sense that things were contained, and then there was a marked reversal. And I think this speaks to the thesis of your book, this idea of what causes, if I understand correctly, that markets have beliefs, they have expectations, and what can cause markets to look at the same dataset one day in one particular way and then have a completely different perspective the next day, and that can lead to a financial crisis. Well, that's very important again. So this crisis is characterized by this very interesting quiet (15/44)