All Posts Tagged With: "black swan"

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A Flock of Black Financial Swans Overhead

Black Swan events are disastrous events that are supposed to be so rare that one doesn’t really have to worry about them. The probability of a black swan event occurring is just too remote.

Or is it?

I can’t help but think that a flock of black swans is still circling above the world’s financial markets. One or more of the unwelcome critters will likely swoop down to engulf the markets in yet another crisis later this year. 2008, the year from hell, seems to have created exactly the type of environment that naturally attracts black swans. The mispricing of risk is a tasty morsel that I expect black swans love.

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17May2008 | taipan | 1 comment | Continued

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