Why Are the Markets Prone to Black Swans?

(Harvest) A lot of people are really uncertain as to how this all ends and they keep on trying, and as they try, particularly Central Banks, we’ve expanded the credit base so dramatically that potential black swans are places like China, where in terms of trying to prop their economy, basically the percentage of debt to the economy has doubled in the last eight years, and there is a lot of non-performing debt.

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