Choose Your Own Crisis Scenario
I spend a lot of my time thinking about "low-probability disasters." That's a polite term for those unexpected, unwelcome events that take a stock market or a currency down 40%, 50%, or even more in a relatively short time. Low probability disasters -- like the 1997 Asian financial crisis or the tech bust -- can wipe out years of gains in a flash. They're the monster in the woods that every once in a while turns out to be real.
To continue reading this article you must be a Bloomberg Professional Service Subscriber.
If you believe that you may have received this message in error please let us know.