Archive | Black Swan

China markets get obliterated. This is why you need to pay attention.

It’s been an ugly week for Chinese equities, but today’s performance is a whole other level of ugly: Today marked the fourth largest decline of the Shanghai Composite in two decades. We’ve discussed the insane valuations on the Shanghai and Shenzen stock-exchange before. As our regular readers will know, today’s fireworks have been a long time in […]

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Mega-banks get hit with mega $250 billion lawsuit. Is the party over?

It’s one thing when angry homeowners attempt to stare-down $1000/hr corporate lawyers over fraud-related losses during the housing bust.  The analogy of bringing a squirt-gun to a gun-fight comes to mind. But it’s quite another when a group of heavy-hitters led by BlackRock and PIMCO fire off a massive $250 Billion lawsuit in the New York State Supreme […]

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The West African Ebola outbreak is out of control

It’s bad enough that the worst Ebola outbreak in history is spreading across national borders and evading the best efforts at containment, but now doctors are facing a new problem:  Angry, scared and dangerous villagers who don’t want doctors’ help. International and local medics were struggling to get access to communities as many residents feared outsiders […]

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