Imagine a world in 2016 where Black Swans really do come true – FINANCIAL NEWS-ecozik.com
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Imagine a world in 2016 where Black Swans really do come true

There are many pressure points around the globe that could trigger Black Swan events.

On a definite March night in Iraq, the desert plain from the Faw peninsula along with a Kurdish village near Syria and Turkey increase in flames. The following morning, Islamic State claims responsibility for the destruction of the country’s major oil pipelines.

The world immediately loses 3.5 million barrels of daily exports. As Iraq struggles with repairs, violence erupts in the oil-rich region of the Niger Delta, Algeria descends into chaos on the death of their president and there is a coup in Venezuela. Bloated inventories protect the global economy for some time, but the industry is operating with the thinnest capacity cushion in years. Crude eventually tops $100 a barrel. The Federal Reserve reverses its rate-raising policy to avert a worldwide recession.

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