A Brief History of Doom

In A Brief History of Doom, Richard Vague explores the recurring theme of financial crises in post-industrial economies over the past 200 years, drawing from extensive banking experience and data analysis. He posits that the over-accumulation of private debt is pivotal in both predicting and explaining these crises, illustrating how rapid loan growth leads to overcapacity, bad loans, and bank failures. Through compelling chapters, Vague identifies cyclical patterns in financial disasters and offers insight on how stakeholders can preemptively recognize and respond to impending dangers.