Nassim Taleb: The Next Black Swan

In case you missed Nassim Taleb’s interview on CNBC this morning.

He endorsed Ron Paul and is a bit cryptic in his four points, one of which,  that a sovereign debt crisis is coming to the United States.   Rather than doing the necessary “root canal” to deal with the economy’s structural problems,  the government is giving novocaine in the form of large budget deficits,

You have to start with government budget that is in control.  You start with that.   It’s unconditional.  You don’t gamble with future generations’ money and you don’t gamble with hyperinflation.  You want the government first, like we’re doing with the Greeks. We’re doing it to the Greeks.  We should do it to ourselves.  You start with that.  That’s 90% of the problem.

Click here for full interview.

About these ads
This entry was posted in Black Swan Watch, Interviews, Policy, Politics, Sovereign Debt, Sovereign Risk and tagged , , . Bookmark the permalink.

2 Responses to Nassim Taleb: The Next Black Swan

  1. rbblum says:

    Has Obama ever signed/approved a US budget?

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s