Black Swan

Trump senior advisor and former chairman of the Council of Economic Advisers Kevin Hassett says the U.S. is in “black swan land” and predicts double-digit GDP decline in the second quarter.April 25, 2020Read More

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The COVID-19 pandemic is neither unprecedented, nor an unpredictable Black Swan event. It is causing massive and still unknowable suffering. But to soften the blow of that suffering, we have a collective responsibility to accurately understand the root causes and repeatable elements of this pandemic so that we can learn…

The COVID-19 (the disease that the coronavirus causes) outbreak in India is a disaster in the making, akin to several disasters that have occurred in the past, e.g., 1984 Bhopal gas tragedy, 1999 Ersama cyclone. They start as a health crisis and quickly morph into a humanitarian and an economic…

So, there’s this new study doing the rounds. Some economists decided to study the twitter followers of prominent coronavirus skeptics and fearmongers, and it seems that followers of Nassim Taleb were more likely to shelter in place, and less like to die of coronavirus, than followers of Richard Epstein or…

Can the House of Mouse weather a massive financial storm? I don't worry about Walt Disney (NYSE:DIS) too often. The House of Mouse has always been one of those stocks you can buy once, keep under your pillow, and sleep soundly for decades to come. When investing theory genius Aswath…

Deep Dive Published: April 25, 2020 at 9:35 a.m. ET Survival will be difficult on plunging oil prices and mounting debt Oil storage facilities and tankers around the world are nearly full as producers try to hold out for higher prices. Bloomberg Updated with late Tuesday afternoon WTI prices for…

Schlumberger saw its first-quarter revenue of $7.5 billion sink 9% sequentially and 5% year-on-year as the global health and economic crisis ravaged the oil industry activity during the quarter. This was sharply amplified by a tense battle for market share between the world’s largest oil producers. “This double black swan…

The coronavirus pandemic in India may peak in early to mid-May, according to projections in a study conducted by global consulting firm Protiviti and Times Network. ET Bureau|Last Updated: Apr 21, 2020, 03.41 PM ISTMumbai: The coronavirus pandemic in India may peak in early to mid-May, according to projections in…

The advent of COVID-19 and the subsequent nation-wide lockdown amounts to a wake-up call of historical proportions. It has alerted us to the possibility of “black swans” swimming into our lives, or in the words of Nassim Nicholas Taleb in his bestselling The Black Swan, our susceptibility to “the role…