Tag Archives: grey swan

Public Pension Ponzi Scheme; New York Cities Borrow From Pension Plan to Make Contributions

Posted on March 3, 2012 by Ray Galkowski, CFA

I was alerted to this post by a friend on Facebook. It points to a New York Times article on pension robbing. Public Pension Ponzi Scheme; New York Cities Borrow From Pension Plan to Make Contributions. The definition of Financial Repression: … Continue reading →

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China’s “Investment Bubble” | Enterprising Investor Blog

Posted on March 3, 2012 by Ray Galkowski, CFA

It is likely only a matter of “when” it bursts, not “if.” The attached is an excellent analysis. This is just one of many grey swans on the pond. Five Perspectives on China’s “Investment Bubble” | Enterprising Investor Continue reading

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An Unusually Large Herd of Grey Swans

Posted on February 24, 2012 by Ray Galkowski, CFA

Events that can have a significant impact on the economy and capital markets have become known as swans of various shades thanks largely to Nassim Taleb’s book, The Black Swan, in which Taleb reminded us of Karl Popper’s criticism of … Continue reading →

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