Here is another list since 2001 borrowed from Big Picture and also Doug Kass http://www.thestreet.com/story/11043072/1/kass-a-contagion-of-black-swans.html
Quite a scary list above and if that was not enough the middle east is still very unstable in Libya and Saudi Arabia...Black Swan events over the past decade
• Sept. 11, 2001, attacks on the World Trade Center and Pentagon;
• 78% decline in the Nasdaq;
• 2003 European heat wave (40,000 deaths);
• 2004 Tsunami in Sumatra, Indonesia (230,000 deaths);
• 2005 Kashmir, Pakistan, earthquake (80,000 deaths)
• 2008 Myanmar cyclone (140,000 deaths);
• 2008 Sichuan, China, earthquake ( 68,000 deaths);
• Derivatives roil the world’s banking system and financial markets;
• Failure of Lehman Brothers and the sale/liquidation of Bear Stearns;
• 30% drop in U.S. home prices;
• 2010 Port-Au-Prince, Haiti, earthquake (315,000 deaths);
• 2010 Russian heat wave (56,000 deaths);
• 2010 BP’s Gulf of Mexico oil spill;
• 2010 market flash crash (a 1,000-point drop in the DJIA);
• Surge of unrest in the Middle East; and
• Thursday’s earthquake and tsunami in Japan.
Of course stock markets hate uncertainty.
Three woes, all in one week: natural and man made disasters, political unrest, and economic downtrend!
2 comments:
Thanks for the uplifting inspirational entry. It is people like you who point people like me to God the creator and Jesus our savior.
Now it is about a week later from that What's Next??? post and it seems that things have calmed down a bit and life goes on. The world calls these unexpected/unexplainable happenings 'Black Swan events', a kind of politically correct vocabulary and image. I am also wondering if the middle east unrest is really a facebook/twitter revolution??? Seems to me a suspicious explanation? Matthew 24.8 uses the term 'birth pains', and maybe they are... today all three events seem to have calmed down somewhat just like real birth pains.
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