Tag Archives: World Economic Forum

Just as “shadow banking” evokes an aura of mystery and mirage, fat tails call to mind squat, repulsive geckos crouching in the naked white glare of a tube-light. And this horrid phrase is everywhere! Fat tails are the definitive answer to everything that went wrong in the financial world in 2007 (no doubt it feeds well into the current favoured view of the investment banker), and have even found favour among climatologists, political theorists, even wannabe philosophers. Everyone loves to talk fat tails. Continue reading →