‘Black Swan’ author Nassim Taleb, who correctly called the 2008 financial crisis, says the U.S. is in a ‘death spiral’ over government debt
Written by Black Hot Fire Network on February 1, 2024
It's been dubbed the "most predictable crisis" facing the U.S. economy, but an expert has warned it will take a "miracle" to save America from its national debt problem.
Nassim Nicholas Taleb, the author of best-selling book The Black Swan, correctly predicted the 2008 financial crash but said "gloomy" times ahead for the U.S. economy are far more easy to spot.
Taleb, who advises Miami-based hedge fund Universa Investments, told an event hosted by the organization this week that national debt is a "white swan," a risk that . . .
