Every three months, SocGen puts out its famous "black swan" chart, showing the firm's risk outlook going forward. These are the events that, while unlikely, would absolutely rock markets and ripple through the economy. "Risks to our central scenario remain tilted to the downside. Turning points in US monetary policy are delicate operations to manage and the fear is set to be a replay of 1994," they said. 1994 was when the Federal Reserve arguably tightened monetary policy too soon, triggering a violent treasury market sell-off. "The aim of forward guidance is clearly to manage such risks. A disorderly market move ... (full story)