emerging
the consequence will emerge as liquidity drains from the system .its a reminder of the need to be aware of risks as they emerge,not after the fact 「not after the fact」means "after all,they are emerging"?

Question

emerging
the consequence will emerge as liquidity drains from the  system .its a reminder of the need to be aware of risks as they emerge,not after the fact 「not after the fact」means "after all,they  are emerging"?

Answer

To be aware of the risks before the investment not after.