Nicholas Nassim Taleb wrote a book on this subject titled, The Black Swan. Black Swan #1: The CoronavirusOnly a few weeks ago, the S&P 500 was up 5% for the year and the economy seemed to be humming along. Pandemics have always been a potential ‘black swan’ risk to markets. That brings us to Black Swan #2, which is a direct reflection of Black Swan #1. In my view, these two black swan events probably tip the economy into a short and shallow recession.

Source: Forbes March 11, 2020 19:22 UTC