Tuesday, June 15, 2010

Taleb predicts a period of global discipline and rising interest rates

Nassim Taleb talks about reframing the problem of "recession" to one of "debt" and says that a period of global austerity (or, as it may be more palatably phrased: "discipline") is the only way out of the global debt problem. "One doesn't get out of debt by having parties." His market advice: hold instruments that hedge against inflation.


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