If there is one thing 2011 taught us is that one totally unpredictable and unexpected event, such as the great March 11 Tohoku earthquake, tsunami, and Fukushima disaster, can wreak massive havoc on otherwise stable economic ecosystems, models and forecasts. According to many, most certainly the Fed, the events in Japan had a major spillover effect on global GDP that lasted for months, in turn forcing fiscal and monetary responses around the world. A true black swan. As the following brief video summarizes, 2011 was the year of earthquakes. Has the earth become increasingly unstable? Will the pattern from 2011 continue into 2012 and beyond? Is mother nature getting angrier? We have no idea, but we do know that the following clip is quite awesome: make sure you have your volume turned up high.
2011 - The Year Of The Earthquake: A Visual And Auditory Guide
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