We appear to have made it through another potential drama with the stock market gyrations of the past week, the Chinese devaluation and the continuing uncertainty of the Fed. What we need to realize is that there is a high likelihood there will be many more weeks of black swan incidents which will rattle markets, create more uncertainty, and potentially be destabilizing. When one looks around the world there are potential black swans all over the place. The new chairman of the Joint Chiefs testified recently that the threat levels have never been greater. Those were his words. The risks are exacerbated by substantially because we have a grossly incompetent president whose policies have created a lot of this instability and threats.

Brazil and Venezuela and going to collapse politically and economically very soon, dragging much of Latin America into the unknown economically and possibly politically once Venezuela collapses into possible severe unrest . Turkey is in political unrest as the Erdogen Islamists fight for control with the secularists and at the same time battle the PKK. Israel is experiencing a ramp up of terror threats and rocket attacks thanks to the pending gift of $150 billion to Iran when sanctions are lifted. Every terror group facing Israel is now competing for a piece of the Obama cash hand out. Assad is barley handing on and there is no way to know how long that goes on until his regime collapses and there is even worse chaos. The flood of migrants into Europe is now at overwhelming levels and has the potential to create political disruption in Europe as the right wing gathers support to end the mass immigration. ISIS continues to create havoc with things now at stalemate because the US will not take the actions needed to defeat them. Libya has become a terror bastion threatening Europe. Putin has ramped up his probing of the Baltics looking to create another Crimea. China continues to softly invade the South China Sea and North Korea can do something really stupid at any time. In summary, there are so many potential points of unexpected explosion, that there is a high probability there will be a situation develop that will create instability for the world, and possibly worse.