{"id":116,"date":"2009-12-07T01:55:18","date_gmt":"2009-12-07T09:55:18","guid":{"rendered":"tag:google.com,2005:reader\/item\/103105ee0c0b7f51"},"modified":"2009-12-07T01:55:18","modified_gmt":"2009-12-07T09:55:18","slug":"black-swans-hit-dubai","status":"publish","type":"post","link":"https:\/\/www.blackswanreport.com\/blog\/2009\/12\/black-swans-hit-dubai\/","title":{"rendered":"Black swans hit Dubai"},"content":{"rendered":"<p>&#8220;Reality is far more vicious than Russian roulette. First, it delivers the fatal bullet rather infrequently, like a revolver that would have hundreds, even thousands of chambers, instead of six. After a few dozen tries, one forgets about the existence of a bullet, under a numbing false sense of security.&#8221;<\/p>\n<p>Dubai World, the sovereign wealth fund that shoulders $US59 billion of the city state&#8217;s $US80 billion total debt pile, recently announced it was seeking extensions on its loan repayments. The All Ordinaries index fell 130 points as a result, the largest drop in more than five months. To those that had begun to develop a &#8220;numbing false sense of security&#8221; following the Australian sharemarket&#8217;s strong upward surge, it was a black-swan like shock. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;Reality is far more vicious than Russian roulette. First, it delivers the fatal bullet rather infrequently, like a revolver that would have hundreds, even thousands of chambers, instead of six. After a few dozen tries, one forgets about the existence &#8230;<\/p>\n","protected":false},"author":14,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":["post-116","post","type-post","status-publish","format-standard","hentry","category-feeds"],"_links":{"self":[{"href":"https:\/\/www.blackswanreport.com\/blog\/wp-json\/wp\/v2\/posts\/116","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.blackswanreport.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.blackswanreport.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.blackswanreport.com\/blog\/wp-json\/wp\/v2\/users\/14"}],"replies":[{"embeddable":true,"href":"https:\/\/www.blackswanreport.com\/blog\/wp-json\/wp\/v2\/comments?post=116"}],"version-history":[{"count":0,"href":"https:\/\/www.blackswanreport.com\/blog\/wp-json\/wp\/v2\/posts\/116\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.blackswanreport.com\/blog\/wp-json\/wp\/v2\/media?parent=116"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.blackswanreport.com\/blog\/wp-json\/wp\/v2\/categories?post=116"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.blackswanreport.com\/blog\/wp-json\/wp\/v2\/tags?post=116"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}