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Monday, July 26, 2010

Taleb: Deficts are the next black swan

What are are potential sources of fragility or danger that you're keeping an eye on?
 The massive one is government deficits....blah blah blah

You're saying that what is supposed to be the safest place to invest, government debt, is in some ways the most dangerous?
 Unless you invest in your own home currency in very short-term Treasury bills....blah blah blah

You want a black swan that you will really see? Natalie Portman dressed up as one, because Taleb's swan is as alive as the one in Larry David!

Taleb needs to curb his enthusiasm!!