debt
David Iben put it well when he said, ‘Volatility is not a risk we care about. What we care about is avoiding the permanent loss of capital.’ So it seems the smart money knows that debt – which is usually involved in bankruptcies – is a very important factor, when you assess how risky a […]
The U.S. began adding $1 trillion worth of debt about every three months beginning last June, a Bank of America investment strategist Michael Hartnett first pointed out in an investment note published last week. The national debt is currently $34.48 trillion and rising. It surpassed $34 trillion for the first time in U.S. history on […]
Black Swan author Nassim Taleb says at this point, it will take a miracle for the US government to avoid falling into a deadly debt spiral. Taleb’s warnings come as another $201 billion was added to the US national debt in just one month. According to new data from the Treasury, the US national debt […]
Black Swan author Nassim Taleb says at this point, it will take a miracle for the US government to avoid falling into a deadly debt spiral. Taleb’s warnings come as another $201 billion was added to the US national debt in just one month. According to new data from the Treasury, the US national debt […]
We humans, as author, mathematician and former options trader Nassim Nicholas Taleb observes, “lack imagination to the point of not even knowing what tomorrow’s important things will look like.” That is unless we’re talking about Asia’s view of the battle underway on Capitol Hill over the US deficit. Taleb, famous for his 2007 bestseller “The […]
The United States is on a pace to add nearly $19 trillion to its national debt over the next decade as the mounting costs of an aging population and higher interest expenses continue to weigh on the nation’s fiscal outlook, the nonpartisan Congressional Budget Office said on Wednesday. But the report did offer a sliver […]
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 […]
Angle down icon An icon in the shape of an angle pointing down. Nassim Taleb. Mohd Zakir/Getty Images The US is headed for a debt “death spiral” if politicians don’t rein in spending, Nassim Taleb said. “The Black Swan” author said debt troubles will continue if Congress can’t “A debt spiral is like a death […]
Black Swan author Nassim Nicholas Taleb said the US deficit is swelling to a point that it would take a miracle to reverse the damage. “So long as you have Congress keep extending the debt limit and doing deals because they’re afraid of the consequences of doing the right thing, that’s the political structure of […]