A black swan event is a term used on Wall Street that refers to a rare and unpredictable occurrence that is beyond what is expected and has severe consequences. It's derived from European explorers who had previously thought that all swans were white and only white, as that was all they knew.

BING NEWS:
  • FAFSA Fiasco: Local university helps with “black swan” event
    There is nothing like this that has ever happened.” The event was spurred by glitches in the system of FAFSA, or Free Application for Federal Student Aid. A new rollout by the U.S. Department of ...
    05/1/2024 - 3:44 pm | View Link
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