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Financial Expert Warns: Crisis Could Exceed Great Recession

3/18/2026

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Summary

Story summary

Richard Bookstaber warns a brewing financial crisis could surpass the Great Recession (2007–2009).
He cites interconnected stressors, including private credit fears and an AI bubble.
Amazon and Microsoft are investing heavily in AI, driving unprecedented stock-market concentration.
Shocks to one company can ripple through markets, amplifying systemic risk.
Geopolitical tensions over Taiwan and oil supply disruptions compound the risk.

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Story summary

Richard Bookstaber warns a brewing financial crisis could surpass the Great Recession (2007–2009).
He cites interconnected stressors, including private credit fears and an AI bubble.
Amazon and Microsoft are investing heavily in AI, driving unprecedented stock-market concentration.
Shocks to one company can ripple through markets, amplifying systemic risk.
Geopolitical tensions over Taiwan and oil supply disruptions compound the risk.