Black Swans

If you don`t want to read Taleb, Rickards etc., here`s all you have to know about "black swans" in the financial markets (and who is to blame):

“In an economic system, if the goal of the authorities is to reduce some particular risks, then the sum of all these suppressed risks will reappear one day through a massive increase in the systemic risk and this will happen because the future is unknowable”.

Karl Popper

(quoted according to Charles Gave in John Mauldins most recent must read "Outside the Box"-Letter).

And I might add: that day you will regret having scorned gold and bitcoins and laughed at "survivalists" (and I actually personally hope that CTAs will come back alive and kicking).