Message from John L. Petersen, The Arlington Institute:
We appear to be on the brink of the systemic financial system change that we have mentioned here in the past. More and more analysts are now talking seriously about the possibility of a fundamental failure of the global financial system. Here are two succinct articles that, in Thomas Homer-Dixon’s case, argue that the complexity of the world’s financial system has moved from our being able to anticipate risk to now being intrinsically uncertain, and Nouriel Roubini’s rapidly becoming famous piece on the Risks of a Systemic Financial Crisis.
FROM RISK TO UNCERTAINTY, by Thomas Homer-Dixon, Toronto Globe and Mail, Wednesday, March 19, 2008 (contact The Arlington Institute for this pdf)
Rising Risk of a Systemic Financial Meltdown: The 12 Steps to Financial Disaster By Nouriel Roubini
