As with blizzards and clippers, stress events can be forecast if somebody knows what the precipitating patterns will be and then can explain it to the rest of us in ways that we can relate to. A typical example of a major stress event that could have been, and maybe even was, forecast, is the abject collapse of Target in Canada. Failure to pay rent? A no-brainer for those of us who are or have been tenants or landlords. A clear and distinct signal. It is said that Target misjudged the Canadian market. 17,000 people are going to lose their jobs. Why? Did no-one read the signs? Not tell them about it? Or maybe there weren’t any other options?
Let’s consider what happens when we misjudge the severity of a winter storm: people are over-confident in undertaking road trips and skid into ditches