Tag Archives: systems

Why Systems Fail

Systems fail for a wide range of reasons, but I’d like to focus on two that are easy to understand but hard to pin down. 1. Systems are accretions of structures and modifications laid down over time.Each layer adds complexity … Continue reading

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Those Systems That Aren’t Busy Being Born Are Busy Dying

One way to understand the rising sense of disintegration and discord around the globe is to realize that those systems that aren’t busy being born are busy dying–and virtually none of our primary systems are busy being born. The line … Continue reading

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Massive Central Bank Intrusion Means Ever Increasing System Fragility

In markets distorted by permanent manipulation the most powerful incentive is to borrow as much money as you can and leverage it as much as you can to maximize your gains in risk-on asset bubbles. A core dynamic is laying … Continue reading

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