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Black Swans From New Normal

- Jim Willie CB - Hat Trick Letter

At my local park, there are white and black swans. Never have I seen a grey swan.
Seems they are a different species.
Maybe the economy will have a grey swan event...in the manner of the recent first ever recorded case of Ecoli human to human transfer.
What that may portend I have no idea but I suggest it will be rather scary if you are caught on the wrong side of any market nowadays.

Commented 4891 days ago

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Beginning of the headline : Mohammed El-Erian is given credit for the phrase 'The New Normal' to mean an altered state of perceived instability within the normalcy realm, as in crisis being called normal, like endless crisis.As buddy Jim Mess in Europe says, just like trying to redefine what debt default is, it sounds like high octane prevarication... Read More

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