Cliff Asness Is Still Worried About a Financial Crisis

The transcript discusses various global and financial concerns, including geopolitical tensions involving the US, China, and Ukraine, and the potential for a financial crisis. The speaker expresses personal worries about a financial crisis, noting its unpredictability and potential impact. The conversation also touches on recent banking challenges, such as the situation with Silicon Valley Bank, and evaluates the probability and consequences of a financial crisis.

What geopolitical event does the speaker express concern about?

• The US election

• Chinese invasion of Taiwan

• Brexit

• Middle East peace talks

According to the speaker, why are financial crises difficult to predict?

• They are always government-induced

• They are always caused by natural disasters

• They are often predicted after they occur

• They are only relevant to large banks

What recent banking issue is mentioned by the speaker?

• The rise of cryptocurrency

• The collapse of Lehman Brothers

• The challenges faced by Silicon Valley Bank

• The merger of two major banks

What area of banking does the speaker find particularly concerning?

• Investment banking

• Commercial real estate

• Retail banking

• Online banking

How does the speaker describe the likelihood of a financial crisis?

• Impossible

• Low probability

• Moderate probability

• Very high probability