TITLE

Fat Tails, Black Swans, and Serial Crises: Planning for a Volatile World

AUTHOR(S)
Vodra, Richard E.
PUB. DATE
March 2009
SOURCE
Journal of Financial Planning;Mar2009, Vol. 22 Issue 3, Special section p44
SOURCE TYPE
Academic Journal
DOC. TYPE
Article
ABSTRACT
The article discusses a survey of the Financial Planning Association Research Group. The survey focused on crisis planning. Potential crisis scenarios included the possibility of a financial depression, hyperinflation, severe climate change, shortages of oil or water, epidemics, large-scale terrorist attacks, and the insolvency of the U.S. government due to problems funding the Medicare or Social Security programs. All financial planners surveyed expected at least one such crisis to take place before the year 2020.
ACCESSION #
37011878

 

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