Phase transitions in debt recycling

Debt recycling is an aggressive equity extraction strategy that potentially permits faster repayment of a mortgage. While equity progressively builds...

DP 914

AI financial crises

The rapid adoption of artificial intelligence is transforming the financial industry. This first of a two-column series argues that AI may either...

When risk models hallucinate

Risk model hallucination happens when models are forced to forecast the likelihood of extreme events in cases where they have not been trained with...