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HERE IT IS: SocGen's ominous chart with the swans

Elena Holodny


Societe Generale is out with its latest quarterly chart of swan risks that threaten to rock the global financial markets— and
"China is the dominant black swan."

"The recent market tumult offered a flavour of the type of market response a China hard landing might trigger," 
according to SocGen's analysts. 

"In such a scenario we would expect to see a further, and this time, sharp, decline of the renminbi (RMB)."

Continuing on that note, SocGen points to its second major risk: a new global recession. "A China hard landing or a much-deeper-than expected downturn in emerging economies in general, both have the possibility to trigger a global recession," they write. 

"How business, consumers and policymakers respond to such a shock would determine whether recession in the advance economies would follow or not."

Technically speaking, "black swan" risks are by definition nearly impossible to predict. But when they come, it's bad. SocGen's swan chart is just trying to show that there are major economic and geopolitical risks brewing that could cause serious problems should they come into fruition.

On the positive end, SocGen also points to three upside risks: the US looks like it will invest more, which "would also underpin productivity gains and thus ultimately real wage growth"; higher-than-expected price multipliers in Europe and Japan; and the possibility of fast-track reform.

Notably, Grexit — or a Greek exit from the euro zone — has been removed from the chart.

 However, the Brexit — or a British exit from the European Union — looms.

Check out all the stewing swans below.

Screen Shot 2015 09 08 at 7.42.06 AMSociete Generale

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While "Flavor" is very subjective, and each country that grows mangoes is very nationalistic, these are the mango varieties that are the most sought after around the world because of sweetnesss (Brix) and demand.

The Chaunsa has a Brix rating in the 22 degree level which is unheard of!
Carabao claims to be the sweetest mango in the world and was able to register this in the Guiness book of world records.
Perhaps it is time for a GLOBAL taste test ???

In alphabetical order by Country....



Alphonso (mango)
From Wikipedia, the free encyclopedia

Alphonso (हापुस Haapoos in Marathi, હાફુસ in Gujarati, ಆಪೂಸ್ Aapoos in Kannada) is a mango cultivar that is considered by many[who?] to be one of the best in terms of sweetness, richness and flavor. 

It has considerable shelf life of a week after it is ripe making it exportable. 

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INDIA 2016 : Mango production in state likely to take a hit this year

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However, the good news for fruit lovers is that this could see price of mangoes across varieties decrease marginally by 2-3%. This is mainly on account of 'import' of the fruit from other mango-growing states in India, said M Kamalakshi Rajanna, chairperson, Karnataka State Mango Development and Marketing Corporation Ltd.

Karnataka is the third largest mango-growing state in India after Uttar Pradesh and Maharashtra.

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