Brice Timmons

Current Financial Crisis Is a Black Swan

I usually post relatively thoughtful commentary here, but this is simply a foolish article.

A black swan is caused by a truly random series of unpredictable events leading to some consequence. Some economists have been warning about this since the Federal Reserve Act, more since the fall of Bretton-Woods, many more since Volker left his post, and a large minority since housing prices started to look like a logarithmic scale. Black swan my ass.