Nine black swans in the global market in 2022

If you stand at the end of 2021, you will never think that the black swan in 2022 has reached the point where the sky is blocked. 75 basis points of interest rate hikes, ten-fold increase in natural gas, 250% increase in nickel prices, a once-in-500-year drought, the most severe sanctions in history, three prime ministers a year…In normal times, any one of them can surprise you Chin, but in 2022, it dangled before our eyes like a revolving lantern, making people call it a long time to see each other. Looking back on this year, the epidemic has been ups and downs. Accompanied by the conflict between Russia and Ukraine, liquidity tightening and a strong dollar have impacted the already fragile financial market and brought serious headwinds to the global economy. | Related Reading (Wall Street Insights)

Bing Dan

Now the word “black swan” is often used as an eye-catching news headline. Originally, “black swan” refers to an extremely low probability accident. But now it seems that under the hype of the media, an incident at every turn is called a black swan. Is not even the black swan event inflation?

In my opinion, among the nine black swan incidents listed here, they can actually be called “black swans” that affect the whole world. One is the war between Russia and Ukraine, and the other is inflation on a global scale. On the basis of the incident, it was caused by superimposing the factors of the new crown epidemic in recent years.

Examples include the European energy crisis and tensions between the United States and Middle East petro-states. Behind this is actually the energy crisis triggered by the Russo-Ukrainian War, and the energy crisis has brought widespread inflationary pressures, and then the world economy has fallen into a state of near stagflation. Under such circumstances, Bitcoin, etc. The continuous decline of virtual currency has turned a “mythical” company like FTX into a Ponzi scheme. In the midst of a wave of interest rate hikes, Japan’s retrograde has also shown people that sometimes a country’s economic decisions are beyond their control , is carried forward under the tide of the times.

Of course, the disputes between Musk and Twitter throughout the year are like Easter eggs in this year’s drama, sometimes bitter and ironic, sometimes hilarious, but it is not a “black swan”, and there is no conclusion yet.

Standing at the crossroads from 2022 to 2023, people will inevitably have various feelings about the past year, including ups and downs. Each of us ordinary people is both a bystander and a witness under the tide of the great era. I just hope that there will be no more “black swans” in 2023, so that our ordinary people’s lives will be easier.

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