MAGAZINE
BLACK PEPPER MAR 2020
Story Makers
4 WOMEN YOU NEED TO KNOW
SERIES LEAD OF SYFY’S VAGRANT QUEEN
ADRIYAN RAE
THE BLACK SWAN EVENT A
black swan is by definition an unpredictable event that is beyond what is normally expected of a situation and has potentially severe consequences. It is characterized by their extreme rarity, their severe impact, and the widespread insistence they were obvious in hindsight. The black swan can cause catastrophic damage to an economy . Besides that, the term was popularized by former Wall Street trader Nassim Nicholas Taleb.
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et’s take the 2008 Global Financial Crisis as an example. The Global Financial Crisis in 2008 caused Lehman Brothers to file for bankruptcy- the largest bankruptcy filing in US history. Over 25,000 Lehman employees went jobless and more than $46 billion of Lehman’s market value was wiped out. Another example of a black swan event : Brexit. In june 2016, news of the British referendum’s decision to leave the European Union caught many by surprise. It caused the British pound to drop to a 31-year low against the US dollar. The Brexit vote wiped out nearly $2 trillion of value in global markets. The question is now, is Coronavirus a black swan event ? Maybe. Let’s take a look...
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