- Stocks are now in their second day of slumping world-wide.
- Barry Ritholtz has a list of Black Swans, 100 Year Floods, and cautions that the time to be prepared--viz. investing-- is before a cataclysmic event happens.
- Charles Hugh Smith gives six reasons to respond "No" to "Does Anyone Seriously Believe the Global Recovery is Intact?"
- Stoneleigh at The Automatic Earth ponders "How Black Is the Japanese Nuclear Swan?"
- Do you live near a nuclear reactor? Yes, you do. Use Google Maps to get directions, and see how close you are, from the C'ville Area to the North Anna Nuclear Power Station.
- Here's the site's emergency preparedness guide.
- And then see how some other folks prepare for sheltering at home in the event of catastrophe.
Tuesday, March 15, 2011
Black Swan: Japan's Earthquake, Tsunami, and Nuclear Tragedies
The human loss is still untold and the rest of the world will share the grief and misery of Japan for months to come. But already it is clear that the suffering nation's crippled economy is going to impact the rest of the world. A "Black Swan" is an unforeseen rare event whose impact is huge. The term was popularized by Nassim Taleb in his 2007 book of the same name.