There Are Signs...
Private Credit, CapEx, Interest Rates, War, and AI Disruption – oh my!
In recent times when we talk about bubbles bursting or total economic collapses, we seem to tie them to so-called "Black Swan Events". Singular, unforeseen situations that bring a seemingly strong system to its knees. COVID. Bear Stearns. 9/11. Etc. But what if this time is different™ – but really, in that it won't be one thing, but a series of events that brings it all down?
Because of recent history, we're all currently trained to look for that one thing. As such, we may be looking right past the many things building up before our very eyes...