Nassim Taleb says Covid-19 pademic is not a "black swan"March 31, 2020 - 13:54 AMT PanARMENIAN.Net - Nassim Taleb, the former options trader who predicted the 2008 financial crisis in his bestseller "The Black Swan", has described the coronavirus pandemic as a "white swan". In an interview Monday, March 30 on Bloomberg Television, Taleb criticized the $2 trillion economic relief package signed into law in the United States as a bailout for investors and for companies that drained cash or levered up to buy back stock. What irks Taleb most of all is the suggestion that the virus pandemic is a "black swan" event, a statistical outlier so rare no one could have predicted or prevented it. His 2007 book of the same name flagged globalisation as reason enough to anticipate a "very strange acute virus spreading throughout the planet." "We've had black swans -- September 11 [2001] was definitely a black swan," he said. "This was a white swan." Top stories Authorities said a total of 192 Azerbaijani troops were killed and 511 were wounded during Azerbaijan’s offensive. In 2023, the Azerbaijani government will increase the country’s defense budget by more than 1.1 billion manats ($650 million). The bill, published on Monday, is designed to "eliminate the shortcomings of an unreasonably broad interpretation of the key concept of "compatriot". The earthquake caused a temporary blackout, damaged many buildings and closed a number of rural roads. Partner news | Czech-Armenian military cooperation discussed in Yerevan A delegation led by the Director General for the Industrial Cooperation Division of the Ministry of Defence of the Czech Republic visited Armenia. U.S. welcomes efforts to define Armenia-Azerbaijan border The United States welcomes efforts to define the border between Armenia and Azerbaijan, says Vedant Patel. Biden honors resilience of Armenian people on April 24 U.S. President Joe Biden has issued a statement on the 109th anniversary of the Armenian Genocide. Ex-Karabakh leader moved to solitary confinement cell in Baku, his son says David Vardanyan is the son of former Karabakh leader Ruben Vardanyan who who is currently imprisoned in Azerbaijan. |