Revisiting the white swans of 2020

Nouriel Roubini  |  Roubini Macro Associates  |  29 July 2020

In February, I warned that any number of foreseeable crises - “white swans” - could trigger a massive global disturbance this year. I noted that:

“… the US and Iran have already had a military confrontation that will likely soon escalate; China is in the grip of a viral outbreak that could become a global pandemic; cyberwarfare is ongoing; major holders of US Treasuries are pursuing diversification strategies; the Democratic presidential primary is exposing rifts in the opposition to Trump and already casting doubt on vote-counting processes; rivalries between the US and four revisioni...

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