---
title: "Corona and the Black Swan – Tuomas Malinen | Neuvottelija 9"
titleOriginal: "Korona Black Swan | Tuomas Malinen | Neuvottelija 9"
episodeNumber: "9"
guest: "Tuomas Malinen"
datePublished: 2020-03-13
duration: "45:09"
youtube: "https://www.youtube.com/watch?v=6Lf8qQdj2fc"
captionsVtt: https://www.neuvottelija.com/podcast/episodes/ep9-korona-black-swan-tuomas-malinen/captions.en.vtt
captionsSrt: https://www.neuvottelija.com/podcast/episodes/ep9-korona-black-swan-tuomas-malinen/captions.en.srt
originalLanguage: "fi"
topics: ["finnish_economy_policy"]
subtitleMethod: "none"
provenance: "Owner page assembled from YouTube metadata, the neuvottelija.fi episode record and the published Neuvottelija AI edition summary. No transcript imported."
fiCanonical: "https://www.neuvottelija.fi/fi/episodes/13-korona-black-swan-tuomas-malinen-neuvottelija-9"
canonical: https://www.neuvottelija.com/podcast/episodes/ep9-korona-black-swan-tuomas-malinen/
---
# Corona and the Black Swan – Tuomas Malinen | Neuvottelija 9

## Summary

Macroeconomist Tuomas Malinen (GNS Economics) analyzes the coronavirus in March 2020 as a 'black swan': why the pandemic itself would only be a trigger, when the world economy has been driven into a state of fragility. In Malinen's view, three weak points — China's mountain of debt, Europe's banking sector, and the US capital-market bubble — threaten to unravel at once. Featuring Taleb's antifragility, the September 2019 repo market, central-bank balance sheets, helicopter money, Finland's fight for survival, and a defense of the market mechanism.

## Watch

The recording lives on the Neuvottelija channel: [Korona Black Swan | Tuomas Malinen | Neuvottelija 9](https://www.youtube.com/watch?v=6Lf8qQdj2fc).
A Finnish edition of this episode is published at [www.neuvottelija.fi](https://www.neuvottelija.fi/fi/episodes/13-korona-black-swan-tuomas-malinen-neuvottelija-9).

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Cite as: Sami Miettinen, Neuvottelija — Corona and the Black Swan – Tuomas Malinen | Neuvottelija 9, https://www.neuvottelija.com/podcast/episodes/ep9-korona-black-swan-tuomas-malinen/, 2020-03-13. For quotes include episode 9 and timestamp.