U.S. Stock Market Crashes

U.S. Stock Market Crashes A stock market crash can happen when investors least expect it to. Image: Financial Times

Emerging Market Currencies Crash

Emerging Market Currencies Crash Emerging market currencies have been pummeled by the coronavirus pandemic and the oil crisis. Image: Financial Times

Was the US Stock Market Crash on October 19, 1987, a “Black Swan” Event?

Was the US Stock Market Crash on October 19, 1987, a “Black Swan” Event? A “Black Swan” is a metaphor that describes an event that comes as a surprise with a major effect, which is extremely difficult to predict. The theory was developed by Nassim Nicholas Taleb. The US stock market on October 19, 1987,…