global economy

“In fact, the Federal Reserve Board, after the oh eight, oh nine crisis, thought they were going to be able to protect the whole system from all these changes. In fact, It's gotten worse because the interlocking the world is something nobody can control, and th…”

“My expectation is that on average, the world will break once per decade. Break in the sense of you wake up one morning and you realize that a lot of what you thought was true is no longer true. But the other common denominator there is That breakage is always …”

“And enterprise software has become the largest part of the global economy. Even though it's so large, it's continuing to grow in mid to upper teens compounded annual growth rates as far as you can accurately predict things.”

“I don't think that it would create systemic problems. Just like every hedge fund in the world wants to call a recession constantly because they're desperate for the volatility. Everyone wants to constantly say, what's the next systemic thing? Because the impac…”