Systemic risk usually refers to the collapse of a company that is 'too big to fail' - the ripple-effect of the collapse can spread to the whole economy.
Op-Ed: Yes, 2020 has been a very tough year, but we have had worse
I don t know how anyone else feels about 2020, but if it was possible, I would vote for either a rerun or just removing it from the history books. Actually, 2020 is just one of seven years considered to be in line for the worst year in US history.
Without a doubt, 2020 threw everything but the kitchen sink at Americans. President Donald Trump was tried and acquitted after being impeached at the end of 2019. The coronavirus pandemic swept the globe and is still wrecking death and economic destruction on countries globally.