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China Black Swans Not So Rare Anymore as PBOC Shocks Markets

China Black Swans Not So Rare Anymore as PBOC Shocks Markets Investors should prepare for more surprises out of China after the yuan’s devaluation became the country’s latest unexpected policy move to roil global markets. That’s the advice from Fraser Howie, co-author of “Red Capitalism: The Fragile Financial Foundation of China’s Extraordinary Rise.” He says […]

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Austrian Bad Bank “Black Swan” Bail-In Is Unconstitutional, Austria Declare

Austrian Bad Bank “Black Swan” Bail-In Is Unconstitutional, Austria Declare The subject of bail-ins and bank resolutions is back in the news this month as every eurocrat in Brussels scrambles to determine the best way to recapitalize Greece’s ailing banking sector, which, you’re reminded, is sinking further into insolvency with each passing day thanks to […]

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When a Black Swan Flies Over Wall Street’s House of Cards

When a Black Swan Flies Over Wall Street’s House of Cards A black swan is Wall Street lexicon for an unpredicted event. The author of that concept, Nassim Taleb, opines that most of the major moves in stock market history originated as black swan events coming out of nowhere, with a random, stochastic disorderliness that […]

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Welcome to Blackswansville

Welcome to Blackswansville While the folks clogging the US tattoo parlors may not have noticed, things are beginning to look a little World War one-ish out there. Except the current blossoming world conflict is being fought not with massed troops and tanks but with interest rates and repayment schedules. Germany now dawdles in reply to […]

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Black Swan 2: This Is “The Next Critical Chapter In The Austrian Banking System Story”

Black Swan 2: This Is “The Next Critical Chapter In The Austrian Banking System Story” When it comes to the sweeping of (trillions of) toxic assets until such time as the ECB starts purchasing not only government bonds but equities, bank loans and really anything else that in a normal world would have some “mark […]

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The Austrian Black Swan Claims Its First Foreign Casualty: German Duesselhyp Collapses, To Be Bailed Out

The Austrian Black Swan Claims Its First Foreign Casualty: German Duesselhyp Collapses, To Be Bailed Out Precisely one week ago in “A Black Swan Lands In Southern Austria: The Ripple Effects Of “Mini-Greece Going Off In The Heartland Of Europe“, when analyzing the consequences of the collapse of Austria’s bad bank, we noted perhaps the […]

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Living and Breathing in a ‘Black Swan’ World | Solutions

Living and Breathing in a ‘Black Swan’ World | Solutions. Mike Weightman, IAEA Imagebank “Black Swan” events such as the Fukushima disaster contribute to changes and turbulance across various levels of society, driving the need for more resilient systems. A Marine Corps friend of mine defines resilience as the ability to take a gut punch […]

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Olduvai IV: Courage
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Olduvai II: Exodus
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