The U.S. is the country most vulnerable to a new financial crisis, Nomura warns

Source: Market Watch — 

Wouldn’t it be great to know when financial crises are about to happen?

That’s the idea behind a new warning model created by Japanese bank Nomura, with the somewhat unfortunate name Cassandra, given the Trojan priestess of Greek mythology was cursed to never be believed despite her accurate forecasts. Financial crises, they say, are better viewed through the perspective of financial cycles than business cycles.