Trader: “Black Swan Events Happen A Lot More Often Than They’re Supposed To”

Trader: “Black Swan Events Happen A Lot More Often Than They’re Supposed To”

Former FX trader Richard Breslow - who has been remarkably restrained in his daily missives this week - is out on Thursday with some thoughts on what we've seen in FX and DM bond yields over the past 72 hours. Needless to say, there's been a coordinated effort to convey a hawkish message this week and one feeble attempt to walk it back notwithstanding, central banks have gotten their point across. Or at least they have if you ask the euro, the pound, and especially bund yields, which have nearl
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