Posts Tagged ‘Paulson & Co’

The Next Greatest Trade Ever?

In Articles on July 26, 2011 at 11:57 pm

It is instructive to note that the outlier events or mini black swans occur every three to seven years. Here’s the list:

1987: Junk bonds, savings and loan crisis led to stock market crash.

1991: US recession exacerbated due to worries about first Gulf War.

1997-1998: Asian currency crisis, originated from Thailand and a domino effect then spread. Russian debt default and bailout of Long Term Capital Management hedge fund (relative value/non directional trades gone awry due to high leverage).

2000: Dot-com boom and bust.

2001: 9/11 attacks on World Trade Center.

2007: Subprime mortgage crisis.

2011: ???

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