Tag Archives: Swan

The crypto market is experiencing a stunning downfall following the collapse of the exchange FTX (FTT-USD). FTX filed for Chapter 11 bankruptcy protection followed a failed takeover by rival Binance (BNB-USD) earlier in the week, with Sam Bankman-Fried resigning as CEO after engineering a liquidity hole of billions. “It’s a black swan event,” Wedbush tech analyst Dan Ives said on Yahoo Finance Live (video above). “It’s a cautionary tale for what you see in sectors and unfortunately, many will… Source link

A potential railroad strike in the U.S. shouldn’t be viewed as a black swan event, according to Goldman Sachs chief economist Jan Hatzius, but it could still have an impact on the economy. “I don’t think it’s a black swan,” Hatzius told Yahoo Finance Live at the Goldman Sachs Communacopia + Technology Conference on Monday (video above). “I think it’s an indication, along with other indications of more labor strife and maybe more tensions, that labor still has a very significant amount of… Source link

(Bloomberg) — Mark Spitznagel is paid to be prepared for when the market’s weakest links are exposed in a big way. Most Read from Bloomberg Right now, the Universa Investments founder, whose fund aims to protect clients during black swan events, says the financial system is most vulnerable to “the greatest credit bubble of human history.” “If this credit bubble ever pops, it’s going to be the most catastrophic market failure that anyone has ever read about — but let’s hope that… Source link

Benzinga Here’s What it Took to Help My Millennial Colleague Plan Her Million-Dollar Nest Egg I’m a nosy person, so I elbowed my millennial colleague, Jessa, in the next cube over, and asked her, “Pssst… How much do you save for retirement per year?”Instead of ignoring me, she furtively Slacked me all of her financial details (it was like a giant ice cream sundae for a finance nerd): * Jessa, at 28, still owes $15,000 in student loans, and her husband, who is 30, still owes $20,000. *… Source link