Market Views: Could Hong Kong be a black swan event?

In some parts of the world, black swans are actually quite common – for example, in southern Australia. But in the investment world they are a metaphor for a rare and potentially cataclysmic global financial event – such as the US housing crisis that triggered the global financial crisis of 2008.   Could the troubles that have flared up in recent months in Hong Kong – historically one of the world's most stable places – turn out to be such a Black Swan event?   It's very dif…