• StalingradandPoorski
    03/04/2015 - 16:46
    What people and central bankers do not understand, is that you can't devalue your way to prosperity. Absolutely nothing has changed since the last crisis. The same too big too fail banks have only...

Black Swan

Tyler Durden's picture

Thinking The Unthinkable: The Treasury Black Swan, And The LIBOR-UST Inversion





The below piece is a good analysis of a hypothetical Treasury/Dollar black swan event, courtesy of Eugenio Aleman from, surprisngly, Wells Fargo. Eugenio does the classic Taleb thought experiment: what happens if the unthinkable become not just thinkable, but reality. Agree or disagree, now that we have gotten to a point where 6 sigma events are a daily ocurrence, it might be prudent to consider all the alternatives.

Thinking the Unthinkable

 
Tyler Durden's picture

The Incredibly Shrinking Market Liquidity, Or The Upcoming Black Swan Of Black Swans





"Anyone who is doing anything sensible right now is either losing money or is out of the market entirely." These are the words of a quant trader, who is seeing something scary in the capital markets. Scary enough to merit a warning that we could be on the verge of another October 87, August 2007, or January 2008.

 
Tyler Durden's picture

Is GS Tempting The Interest Rate Black Swan With 1,056% Risk Exposure?





Last week Zero Hedge posted the most recent (Q4 2008) report from the Office of the Comptroller of the Currency, which among other things, discussed the $9.2 billion bank trading loss in cash and derivatives in Q4.

 
Tyler Durden's picture

Is GS Tempting The Interest Rate Black Swan With 1,056% Risk Exposure?





Last week Zero Hedge posted the most recent (Q4 2008) report from the Office of the Comptroller of the Currency, which among other things, discussed the $9.2 billion bank trading loss in cash and derivatives in Q4.

 
Tyler Durden's picture

Quote Of The Day From Nassim Taleb "A Return To Normalcy Would Be Black Swan"





The Vice Chairman of Doom, Nassim Taleb, was very eloquent today, claiming the next Black Swan event would be "for us to emerge out of this unscathed and return to normalcy. Compared with the Great Depression, this crisis is very different, and it requires much more drastic action.”

 
Tyler Durden's picture

Quote Of The Day From Nassim Taleb "A Return To Normalcy Would Be Black Swan"





The Vice Chairman of Doom, Nassim Taleb, was very eloquent today, claiming the next Black Swan event would be "for us to emerge out of this unscathed and return to normalcy. Compared with the Great Depression, this crisis is very different, and it requires much more drastic action.”

 
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