News Summary

• Richard Bookstaber predicted the 2008 financial crisis in his 2007 book.
• He says the risks are spread across industries, markets and nations.
• This includes artificial intelligence, the $2 trillion private credit industry, stock markets, Taiwan and now Iran.
• Energy bills, groceries, transport and household products are all expected to become more expensive as the US and Iran continue to wage war.
• The conflict in Iran continues and the Strait of Hormuz remains blocked, the ripple effect could start to affect AI companies - whose data centres use an enormous amount of electricity.
• This could represent the ideal time for China to move against Taiwan, given that it is only a strong US military presence that has deterred them previously.
• A single Taiwanese company supplies more than 50 percent of the world’s computer chips.