Taleb
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 […]
Regardless of the color, Nassim Taleb is calling a swan a swan. Taleb, perhaps best known for his 2007 book “The Black Swan,” is renewing his public concern about the state of the economy. A black swan is defined by Oxford Languages as “an unpredictable or unforeseen event.” Taleb defined the concept a bit further, […]
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 […]
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