The risk of hyperinflation should not be ignored despite our lack of recent experience with it in the U.S. Hyperinflation is not just theoretical, our discussion looks at the core mechanics of inflation - most notably that it is based on trust. Max shares a comprehensive look at the unique factors cushioning the U.S., such as reserve currency status, while also addressing significant growing risks, including consistent deficits and a debt-to-GDP ratio now exceeding 100%. Hear about the complex interactions of economic policy, shadow banking, and the leading indicators that proactive risk managers must monitor to prepare for potential high-inflation scenarios.

Blog post of this story:

https://crossingthinice.substack.com/p/hyperinflation

Survival in chaos doesn't come from optimization. It comes from diversification, buffers, and the speed to decide what to do next.

Pragmatists have a completely different way of doing risk management that is designed for these VUCA times. By focusing on building resilience to survive volatility. Most managers are doing this wrong by chasing efficiency in a uncertain world. In this episode, we break down the "Pragmatist Manifesto" and its six core principles.

Stability breeds instability. If your model assumes calm continuity, you might be blind to the pile of sand that's about to avalanche.

Many actuaries and financial modelers rely on recent data and linear trending of assumptions, missing the amplifying loops that can accelerate change to topple entire systems. We discuss what to look for instead.