A potential market crash today won't replicate the relatively contained economic downturn we saw after the dotcom bubble burst. That's the sobering take from a former IMF chief economist. Back then, the fallout was painful but ultimately manageable for most of the global economy. Fast forward to now, and the stakes are completely different. The sheer volume of global wealth tied up in today's markets—spanning traditional equities, crypto holdings, real estate, commodities, and derivatives—means the contagion would spread far wider and cut much deeper. We're not just talking about tech stocks tanking anymore. A significant correction today could cascade through interconnected financial systems in ways the dotcom era never experienced. The leverage, the complexity, the global integration of capital markets—all of it amplifies the risk profile substantially.