Canary in the coal mine: Difference between revisions
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From the past practice of using caged canaries to detect poisonous gases in mines. | From the past practice of using caged canaries to detect odourless poisonous gases - including carbon monoxide and methane - in mines. | ||
The birds would fall sick or die before the human miners, giving the miners a signal to leave the mine immediately if at all possible. | The birds would fall sick or die before the human miners, giving the miners a signal to leave the mine immediately if at all possible. | ||
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== See also == | == See also == | ||
* [[Chief Executive Officer]] (CEO) | * [[Chief Executive Officer]] (CEO) | ||
* [[Dovish]] | |||
* [[Early warning indicator]] (EWI) | * [[Early warning indicator]] (EWI) | ||
* [[EV]] | * [[Electric vehicle]] (EV) | ||
* [[Hawkish]] | |||
* [[Key risk indicator]] (KRI) | * [[Key risk indicator]] (KRI) | ||
* [[Liquidity risk]] | * [[Liquidity risk]] | ||
* [[Methane]] | |||
* [[Recession]] | * [[Recession]] | ||
* [[Reuters]] | |||
* [[Risk management]] | * [[Risk management]] | ||
* [[Stress]] | * [[Stress]] | ||
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== | ==Other resource== | ||
*[https://www.reuters.com/business/autos-transportation/musks-warning-could-be-auto-industrys-canary-coal-mine-moment-2022-06-03/ Musk's warning could be auto industry's 'canary in the coal mine' moment - Reuters - June 2022] | *[https://www.reuters.com/business/autos-transportation/musks-warning-could-be-auto-industrys-canary-coal-mine-moment-2022-06-03/ Musk's warning could be auto industry's 'canary in the coal mine' moment - Reuters - June 2022] | ||
[[Category: | [[Category:Financial_products_and_markets]] | ||
[[Category:Identify_and_assess_risks]] | [[Category:Identify_and_assess_risks]] | ||
[[Category:Manage_risks]] | [[Category:Manage_risks]] | ||
[[Category:Risk_reporting]] | |||
[[Category:Risk_frameworks]] | [[Category:Risk_frameworks]] | ||
[[Category: | [[Category:The_business_context]] | ||
Latest revision as of 22:57, 10 February 2025
Risk management - economic indicators.
Information that helps to identify potential problems at an appropriately early stage.
Especially key information about potential future downturns in economic activity in a particular sector - or more broadly - before adverse effects have been detected elsewhere.
From the past practice of using caged canaries to detect odourless poisonous gases - including carbon monoxide and methane - in mines.
The birds would fall sick or die before the human miners, giving the miners a signal to leave the mine immediately if at all possible.
- Musk's warning could be auto industry's 'canary in the coal mine' moment
- "CEO Elon Musk's 'super bad feeling' about the economy could be the auto industry's 'canary in the coal mine' moment, signaling a recession for an industry whose bosses have shown no signs of concern.
- Musk said the electric carmaker needed to cut about 10% of its workforce in an email to executives seen by Reuters....
- Musk's warning is the first loud and public dissent in a united stance by the auto industry that underlying demand for cars and trucks remains strong despite two years of global pandemic. One executive this week called demand 'sky high.'
- 'Tesla's not your average canary in the coal mine. It's more like a whale in the lithium mine,' Morgan Stanley analyst Adam Jonas said in a research note, referring to the metal used in EV batteries."
- Reuters - 3 June 2022.
See also
- Chief Executive Officer (CEO)
- Dovish
- Early warning indicator (EWI)
- Electric vehicle (EV)
- Hawkish
- Key risk indicator (KRI)
- Liquidity risk
- Methane
- Recession
- Reuters
- Risk management
- Stress
- Whale
