Friday, October 1, 2010

How black is your swan - Nassim Taleb

You may or may not swallow every word of The Black Swan series. Some say all swans are grey, it is only the shade of grey that varies.

In this June 2010 interview, in just 7 minutes of video, Nassim Taleb & Nouriel Roubini alert listeners to the folly of taking private debt public, then paying it down by inflation (a charge on the succeeding generations). And if you aren't concerned, well thats OK - US debt sits only at 11% of GDP, which is still short of the 13% at which the bond vigilantes pulled the rug on Greece.

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