Monday, May 14, 2012

Biderman And Bianco On The Black Swan Bonanza

While, by definition, we can't 'know' or predict what the event is that becomes a Black Swan, it is nevertheless useful to consider which large risks are relatively underpriced by the market currently and perhaps more so - what to keep an eye on to consider the odds of such an event. Biancerman (or should it be Bideranco) take on Europe (the pace of the disaster is accelerating and the hope for a Draghi-save is overdone), US Inflation (focus on 3% as a 'problem' and

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