What people search

Queries like “early warning indicators financial crisis,” “2008 financial crisis warning signs,” and “leading indicators of systemic risk” pull academic and market literature: credit gaps, spreads, ABX, LIBOR–OIS, options-based banking stress, composite financial stress indices.

That literature is real. It is mostly about market and near-coincident information.

What we claim instead

The Entropy Index publishes sealed historical clocks under V5-locked (1.19.0):

Watch and Act both lit dual Crisis by March 2008 — 6 months before Lehman.

Also sealed: Turkey 2018 (7 months before the lira break) and Dotcom (Watch before the NASDAQ peak; Act at the trough). These are instrument behavior on blind, period-correct reconstructions — not a productized promise that the next named break prints the same lead time.

Product language separates Watch (notice) from Act (dual Crisis capital clock). See Watch versus Act.

Structural vs priced

  • Priced / market — VIX, MOVE, spreads, many FCIs. Job: read stress in prices.
  • Near-coincident — several SRIs / liquidity gauges. Job: read stress as it arrives in markets.
  • Structural / sealed — Entropy Index clocks. Job: read adaptive-system load on frozen physics.

Detail: VIX · Market stress gauges · How institutions measure stress.

What we will not say

  • “We predicted the next crisis on a date.”
  • “We beat every market early-warning paper.”
  • Live Watch/Act without product chrome.

Diligence path

  1. GFC case
  2. State of Risk Intelligence Q3 2026
  3. Talk