Recession and Black Swan Events, by Don M.
Financial calamity can take many different forms. The Brazilian saga of hyperinflation / depression / recovery from the 1980s leading to one of today’s most robust economies is a classic tale of overcoming adversity. Argentina’s economic collapse in 2000-2001 followed by hyperinflation in 2002, debt repudiation and seizing foreign deposits is another story with a solid recovery afterwards. The disastrous 20-year Japanese experiment with deflation and negative growth is at the other end of the spectrum. Which will the US experience first? And, how quickly will we feel the scorching fire of hyperinflation or the freezing blast of deflation? The …