I'm guessing if you call something a black swan you get grief from a bunch of pedants .... call 'em gray (even if its actually spelled 'grey' ... speaking of pedants) and its all good.
Analysts at Nomura list 10 "unlikely but impactful events" - "Needless to say, none of them are our base case," the analysts caveat.
Here's the list:
1. Russia on the warpath
2. A surge in U.S. productivity
3. China floats the yuan
4. An exit from Brexit
5. Capital controls in emerging markets
6. Japanese inflation jumps
7. A clearing house crisis
8. Trump takes fight to the Fed
9. Abenomics comes unstuck
10. The end of cash