We Don't Know Where, We Don't Know When, but One Day It Will Happen

Summary


It is bound to happen one day, but it is highly unlikely this year, or next, or in any particular year - "an eventuality of low probability in any short timescale, but of certainty over an indefinite period".

The definition came last night from the Financial Services' Authority's chairman, Sir Callum McCarthy, speaking at the Mansion House.

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Extract


We Don't Know Where, We Don't Know When, but One Day It Will Happen

One of his jobs is to spot things that are not all that improbable over a timescale that is well short of indefinite.

Stretch the defi...

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