A black swan event is, by definition, an unforeseen catastrophe. I would say that the housing bubble collapse of 2008 was a black swan event. None of the so-called experts saw it coming; not the then Treasury Secretary or the Fed Chairman or the President or anyone in Congress. Well, Ron Paul claims to have […]Read more "Municipal Bankruptcies _ The Next Black Swan?"
If you’re not familiar with the term Black Swan here are a couple of definitions from Investopedia: What Does Black Swan Mean? An event or occurrence that deviates beyond what is normally expected of a situation and that would be extremely difficult to predict. This term was popularized by Nassim Nicholas Taleb, a finance professor and […]Read more "Black Swans Are Circling Mr. President. Are You Paying Attention?"