The Black Elephant In The Room, in this case, is that nothing grows forever. Unlike what our system – the Elephant in The Room – pretends to do, which is designed to do so and doesn’t know how to slow down.
Imagine if there was a corporation or co-operative that you could own shares in. The purpose of this corporation would be to hedge against certain classes of black swans.
When a system contains extreme outliers that are hundreds, thousands, or millions of times further from the mean than expected, they can cause massive amounts of destruction and change the course of history.
Economists make forecasts about what is going to happen in the world of that great God – money.