Black Swans Everywhere

Equities are holding up well given some very ugly headlines (see below).   The markets ignored the strikes in Europe today, which is quite remarkable as it was the live CNBC video feed of the Greek riots that got the flash crash rolling.   These events are known and, therefore, don’t qualify as pure Black Swans.  The worst case scenarios have also been discounted as a low probability.   We will comment more on the specific issues and which we believe pose the most danger in later posts.  Click highlighted sources to read articles.

House passes bill aimed at Chinese currency – Bloomberg
Fed Presidents Far From Unanimous on Need for Further Easing – Bloomberg
Europe on strike over austerity measures – Telegraph
Block on Minerals Called Threat to Japan’s Economy – NY Times
Moody’s downgrades Spain rating to Aa1 – MarketWatch
Does a 1930s-style trade war loom as recovery falters?  – Globe and Mail
Paris terrorist alerts multiply – The Connection
Capital controls eyed as global currency wars escalate – Telegraph

This entry was posted in Black Swan Watch, Commodities, Currency, Geopolitical. Bookmark the permalink.

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