The black swan theory is a metaphor that describes an event that comes as a surprise, has a major effect, and is often inappropriately rationalized after the fact with the benefit of hindsight. The theory was developed by Nassim Nicholas Taleb.

Boy, Liberation Day escalated quickly
On April 2, 2025 US-President Donald Trump raised tariff barriers to the highest in over a century. The ensuing damage was enormous, as panicked investors […]