Managing Uncertainty: How to Handle Black Swans in the Economy
The term black swan was popularized by finance professor and former Wall Street trader, Nassim Taleb, who describes a black swan as an event that is beyond normal expectations that is so rare even the possibility that it might occur is unknown, has a catastrophic impact when it does occur, and is explained in hindsight as if it were actually predictable.
The COVID-19 black swan was followed by the Saudis’ decision to significantly discount oil prices, disrupting the marketplace and providing the world with a second black swan.
Health concerns, a dramatic decline into correction territory for the S&P 500, and declining oil and copper prices have combined to create a high level of uncertainty. This presentation brings an objective, numbers-driven approach to bear on these trends.
The webinar was presented by Alan Beaulieu, President and principal of ITR Economics. ITR predicts future economic trends with 94.7% accuracy rate and 60 years of correct calls. Alan has a reputation as an accurate, straightforward economist, and has been delivering award-winning workshops and economic analysis seminars in countries across the world to thousands of business owners and executives for the past 30 years. As the co-author of Prosperity in the Age of Decline, he is one of the country’s most sought-after economists, and a good friend to all of our organizations.
View the webinar (FCSI membership required)