It wasn’t as unpredictable as many advisers are making it out to be

 

Why the collapse of Silicon Valley Bank was not a black swan

Published: March 20, 2023 at 6:01 a.m. ET

Author Nassim Nicholas Taleb introduced the term black swan in his 2007 book called “The Black Swan: The Impact of the Highly Improbable.” Black swans in the stock market are sudden, awful, unpredictable and extremely rare—such as a market crash. 
They are not, as Taleb complained in an interview with the New Yorker several years ago, “any bad thing that surprises us.
The reason the recent banking crisis is not a black swan event is that it wasn’t as unpredictable as many advisers are making it out to be.

Why the collapse of Silicon Valley Bank was not a black swan - MarketWatch

It’s not quite Creditanstalt
Englund: The Austrian Black Swan Claims Its First Foreign Casualty: German Duesselhyp Collapses, To Be Bailed Out (englundmacro.blogspot.com)