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The "black swan" theory describes an event that is not only surprising but has a major effect on an event.
Naturally, when a major bank is out with a list of black swan events that can threaten the global economy, investors will pay close attention. This is what analysts at France-based Societe Generate did as they warned its clients on Tuesday that the global economy is far from secure and risks are real.
First, the bank estimated there is a 30 percent chance of an economic "hard landing" for China.
"The potential for policy errors in China is substantial, and all the more so since a new bubble appears to be building in the property market,"
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