Never Mind Volatility: Systemic Risk Is Rising
Authored by Charles Hugh Smith via OfTwoMinds blog, So who’s holding the hot potato of systemic risk now? Everyone. One of the greatest con jobs of the past 9 years is the status quo’s equivalence of risk and volatility: risk = volatility: so if volatility is low, then risk is low. Wrong: volatility once reflected specific short-term aspects … Read more