The gray rhino has continued its charge around the globe, with a front page, above the fold article in The New York Times July 23, 2017: “Let the West worry about so-called black swans, rare and unexpected events that can upset financial markets. China is more concerned about “gray rhinos” — large and visible problems in the economy that are ignored until they start moving fast.” Here’s a roundup of some of the media coverage over the past week of China’s effort to crack down on its financial gray rhinos, including liquidity and credit risks, shadow banking, abnormal capital market fluctuations and…
Author: The Gray Rhino
In front-page commentary published July 17th, People’s Daily, the official newspaper of China’s Communist Party, warned of the need to avert highly obvious “gray rhino” risks as well as rare and unpredictable “black swans.” The commentary rocked China’s stock markets and signaled a new policy direction intended to more aggressively address obvious financial risks. The article said that China should “strictly prevent risks from liquidity, credit, shadow banking and abnormal capital market fluctuations, as well as insurance market and property bubbles.” Taking the commentary as a sign that regulators would crack down on speculation, investors immediately dumped small-cap stocks, seen as more…
Gray Rhino & Company Founder Michele Wucker spoke May 20th at the second MTA (Music, Technology, Art) Sun Desert Festival in Zhanghjiakou, Hebei Province, China. Follow media coverage at these links: 36kr: “Gray Rhino” by Michele Wucker: Do not bury your head in the sand, ignoring the gray rhinoceros 36kr: Cheetah mobile CEO Fu Sheng: the future is man-machine coexistence Sina: MTA Desert Music Festival is showcasing technology to create art utopia Sohu: Cheetah CEO Fu Sheng: the next 10 to 20 years must be the era of human-computer interaction: “Just now, Ms. “Michele Wucker”, author of “Gray Rhino”, speaks of…
Gray Rhino & Company Founder Michele Wucker talked with Mitch Teich of National Public Radio affiliate WUWM Milwaukee radio’s “The Lake Effect” on April 27, 2016 about using the gray rhino concept as a way to advocate for accountability. LISTEN HERE.
Why do we choose to ignore pending doom? Good question! Gray Rhino & Company Founder Michele Wucker talked with Justin Kaufman on his WGN Radio show, “The Download,” on March 31 in Chicago, about THE GRAY RHINO, financial meltdowns, kicking the can, climate change, and the tricks our minds play on us with LISTEN HERE. That’s Michigan Avenue in the backdrop of the photo.