Nassim Nicholas Taleb advised shorting US Treasury bonds will decline. It’s “a no brainer” to sell short Treasuries, Taleb, said at a conference in Moscow today. “Every single human being should have that trade.”
“Deficits are like putting dynamite in the hands of children,” Taleb said in an interview with Bloomberg Television. “They can get out of control very quickly.”
Taleb thinks that we are worse then we were in 2009,
“The problem we have in the United States, the level of debt is still very high and being converted to government debt,” Taleb said in an interview with Bloomberg Television. “We are worse-off today than we were last year. In the United States and in Europe, you have fewer people employed and a larger amount of debt.”
Nassim Taleb warned that democracies may even face some challenges in the near future, “Democracies can’t handle austerity measures very well,” Taleb added. “We’re going to have a severe problem.”
1 comment:
Taleb is one is one of the few statistical thinkers, his Black Swan book etc. show all the folly that led to mark-market = myth. The inevitable outcome, and I doubt there's still a way out, will be massive government defaults across thr board.
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