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A comment on Fed to buy junk bonds, lend to states in fresh virus support. Parent comment

Re:Fed to buy junk bonds, lend to states in fresh virus support by pjmorris on Thursday April 09, 2020 @11:41AM (#22823604)
It's not a black swan, pandemics are predictable. @nntaleb, the author of 'The Black Swan' has been explaining this.

More crucially, the virus is affecting the real economy, and people's lives. Fixes for the financial economy that don't address that directly are band-aids to make balance sheets look good.

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Re:Fed to buy junk bonds, lend to states in fresh virus support by DSingularity on Thursday April 09, 2020 @02:13PM (#22825514)
I don’t quite agree. When 99.9% of businesses gets blindsided by the impact of the shelter in place orders it becomes a black swan like event. All those businesses couldn’t predict an event this cataclysmic to their core product.

Just because the pandemic itself was predicted doesn’t mean much when the global fall out is totally novel and unpredictable.

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Re:Fed to buy junk bonds, lend to states in fresh virus support by icedchai on Thursday April 09, 2020 @05:00PM (#22827138)
Something like this has never happened, even with other pandemics. It is an extreme outlier event even if it is not technically a "black swan."
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