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Time is near for next ‘black swan’ to occur

February 13, 2013
The Maui News

When the term "black swan" is used in investment circles, it denotes the occurrence of a powerfully negative and unpredictable event with acute and often long-term adverse effects. Some of these events have a natural origin: earthquake, tsunami, hurricane. Some are caused by men: war, irrational exuberance and various financial bubbles.



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