Title: Mcgowanjm Wire 2012 Source:
[None] URL Source:[None] Published:Feb 26, 2012 Author:Various Post Date:2012-02-26 09:15:13 by A K A Stone Keywords:None Views:1372921 Comments:2390
Financial System Supply-Chain Cross-Contagion: a study in global systemic collapse. David Korowicz 30th June (revised) , 2012 Thi Metis Risk
second issue is what might be called the reflexivity trap:
The actions taken to prevent a crisis, or preparations for dealing with the aftermath of a crisis, may help precipitate the crisis. Therefore to avoid precipitation, the preparation has to be low key and below the radar of the public and markets. This limits the extent and scope of preparation, increasing the risk of a chaotic and slow response.
Financial System Supply-Chain Cross-Contagion: a study in global systemic collapse. David Korowicz 30th June (revised) , 2012 Thi Metis Risk