'I saw the 2008 financial crisis coming – we’re headed for something worse'
6 Articles
6 Articles
Richard Buckstabber described in the New York Times four distinct but interconnected factors threatening the financial system.
'I saw the 2008 financial crisis coming – we’re headed for something worse'
Former hedge fund employee Richard Bookstaber, who predicted the 2008 financial crisis, believes the risks from AI, private credit and geopolitical tensions could trigger something even more dangerous
Richard Bookstaber, an American economist who predicted the 2008 crash, is again sounding the alarm. According to him, the world economy could face a crisis of unprecedented magnitude.
‘I predicted the 2008 financial crisis – what’s about to happen could be even worse’
Richard Bookstaber – who worked at a hedge fund before moving on to the US Treasury – has some dire predictions for the future of the global economy The 2008 financial crisis was one of the most dramatic and far-reaching economic disasters in living memory. Triggered in early 2007 by reckless lending in the US property market, it spread worldwide, deepening an already severe recession and forcing government bailouts of financial institutions aro…
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