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debacle
(redirected from debacles)

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As Taleb might observe, the debacles in financial markets (remember Long-Term Capital Management and Bear Stearns' recent fund blowups) are black swan-like events, outliers that most people don't expect--most folks expect swans to be white because that's what their experience tells them.
No debacles but there were plenty of good times for Strachan.
Tony Blair fears that the recent debacles that have rocked Westminster - involving Charles Clarke, John Prescott and Patricia Hewitt - may dent support for Labour councils.
 
 
 
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