Bikers, Bonds, and Black Swans

A ‘black swan’ event occurred at a gathering of outlaw bikers on Sunday, May 17 in Waco, Texas. According to news stories a fight broke out between several motorcycle gangs at the Twin Peaks restaurant. At least nine bikers are dead, another 17 were injured, and perhaps as many as 170 were detained or jailed.
OUTLAW BIKERS: They are more likely to trade gunfire than bonds, but consider the similarities:
ANIMOSITY: Rival biker gangs, the Bandidos and the Cossacks, met at the restaurant on Sunday to discuss issues such as territory, licensing fees, and drug revenues. TERRITORY: Control of their territory is vital to their status and drug revenues. READY TO EXPLODE: Those two gangs have been enemies for decades. They have a violent history and much accumulated bitterness. It was a biker and drug fueled bomb ready to explode. A TINY SPARK: The disagreement started over something simple, probably a parking space. It escalated into a brawl that involved fists, feet, clubs, chains, knives, and guns. THE BOND MARKET:
ANIMOSITY: Rival monetary authorities often fight and disagree. How will the Greek government pay back the EU and German banks? Bankers in Cyprus warned insiders but stripped private accounts in Cyprus in 2013. How will sovereign governments in Europe, the US, the UK, and Japan repay $100′s of Trillions in debt?

This post was published at Deviant Investor on June 1, 2015.