“If only we had some way of knowing this was coming.” Yeah, well………a thoughtful Sloper sent me a TED talk that none other than Bill Gates gave five years ago which essentially described precisely what we’re dealing with now. The interesting bit is that in his “scare the hell out of the children” moment, he offered up this dreadful scenario:
Three trillion dollars in losses. In other words, about 10% of what we’ve experienced so far, and just in equities and bonds.
It’s a brief but fascinating presentation: