Thursday, May 14, 2009

Video: The Fat Tail----part Economics,part Finance, part politics

YouTube - The Fat Tail-- Part Economics, part finance, part politics but totally interesting.

While it is probably more politics than a normal post, it has much finance as well. And one of the main themes is that politics are taking over finance and economics.
"In a new groundbreaking book The Fat Tail, Ian Bremmer and his co-author Preston Keat, two of the world's leading figures in political risk management, identify the wide range of political risks that global firms face - risks that stem from great power rivalries, terrorist groups, government takeover of private property, weak leaders and internal strife, and even the "black swans" that defy prediction.

These scenarios - and their catastrophic effects on business - happen much more frequently than we imagine"

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