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RE: LeoThread 2025-11-16 07-55

in LeoFinance21 days ago

of the above. It doesn't matter. What matters is it's coming. It's going to be worse. The reaction function is going to be different, and that's what I talk about in the book. So, yeah, any of those are useful starting points. They all mean there's totally different things. All right, let's start with the Asian financial crisis and Russia, the Russian crisis and LTCM. And then we'll get into your predictions about 2018 because I want to talk about some of the models that you use to make your projections. Sure. Well, 1998, just for the listeners to recap a little bit, first of all, that crisis came to a head in September of 1998, but it started in June 1997. And that's a very important point because when it starts, you don't know where it's going. Now, complexity theorists would say, I have a pretty good idea where it's going because of the scale of the system, because of the interconnectedness. Once that first domino falls, it's easy to predict all the other dominoes are going to fall. (9/98)