Steve Eisman says Hong Kong protests are a possible ‘black swan’
"I think the potential black swan, if there is a black swan right now, is what's happening in Hong Kong right now," said Eisman on CNBC's Power Lunch. "If things escalate even further in Hong Kong, that would have a real impact back on the global economy."
"The people who are protesting are not backing down, the Chinese government doesn't seem to be backing down, so if cooler heads don't prevail it's possible things in Hong Kong could get very ugly."
How credible do you think his claims are? I'd imagine if China sends in their military to quash the protests, that would be a major geopolitical event, but if not, do you think the HK protests can still bring down the global economy?