Dante311

Current Financial Crisis Is a Black Swan

I also have read the book in question. I think that the overall recession/credit crisis is somewhat of a black swan when viewed from say 4 years ago. I think that although some people may have saw it coming the majority of the world did not and if they truly believed that they did they would have better prepared. Just because one can expect that certain outcomes are conceivable by the general population doesn't mean that they reasonably expected them to happen.