684. He Helped Clean Up the Last Crash. Does He See Another One Coming?

The US economy is made up of 20 different sectors, as the government calls them. There's the agriculture sector. Manufacturing and construction. Health care, transportation, and energy. One of these 20 sectors is fundamentally different from the rest. Why? Because it intersects with every other sector with an intensity.

And at a scale that we have never seen in human history. I am talking about the finance sector. Listen to Gary Gensler. Finance is a critical piece of American exceptionalism. We're about four percent or so of the world's population. We're twenty five percent of the world's economy.

But we're fifty percent of the world's capital markets. It's easy to argue, and some people have That we are living through the greatest period of wealth creation. In history. The financial markets that support this growth are exceedingly complex.

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