Comments on: Taleb video: credit crunch not black swan, moral hazard now worse http://sovereignspeculator.com/2010/05/14/taleb-video-credit-crunch-not-a-black-swan-moral-hazar/ Thoughts on the markets and the decline of the west Sun, 06 Nov 2011 15:16:40 +0000 http://wordpress.org/?v=2.6 By: Graphite http://sovereignspeculator.com/2010/05/14/taleb-video-credit-crunch-not-a-black-swan-moral-hazar/#comment-9248 Graphite Sun, 16 May 2010 00:04:27 +0000 http://sovereignspeculator.com/?p=4744#comment-9248 The best part comes around 8:35 when he mentions among his list of "fraudsters" the people who are preaching the effectiveness of government stimulus using a sample size of one (the Great Depression) where it appeared to work *after* a lot of creative destruction had already run its course. The best part comes around 8:35 when he mentions among his list of “fraudsters” the people who are preaching the effectiveness of government stimulus using a sample size of one (the Great Depression) where it appeared to work *after* a lot of creative destruction had already run its course.

]]> By: Adam http://sovereignspeculator.com/2010/05/14/taleb-video-credit-crunch-not-a-black-swan-moral-hazar/#comment-9188 Adam Fri, 14 May 2010 17:40:20 +0000 http://sovereignspeculator.com/?p=4744#comment-9188 Quote: Don’t go to business school, but if you go, don’t take any business class that has equations in it: “it’s all bogus.” Had to laugh at this one. Got my MBA to learn a little about business and didn't learn anything except the fact that I don't like accounting... I think we're going to get a chance to see if Exter's liquidity pyramid is valid. There's a fine line between hyperdeflation and hyperinflation and it's mostly due to confidence. I favor hyperdeflation, but man I think we're going to be skating on the razor's edge. I sleep well at night with Gold (and my recently added shorts...). Quote: Don’t go to business school, but if you go, don’t take any business class that has equations in it: “it’s all bogus.”

Had to laugh at this one. Got my MBA to learn a little about business and didn’t learn anything except the fact that I don’t like accounting…

I think we’re going to get a chance to see if Exter’s liquidity pyramid is valid. There’s a fine line between hyperdeflation and hyperinflation and it’s mostly due to confidence. I favor hyperdeflation, but man I think we’re going to be skating on the razor’s edge. I sleep well at night with Gold (and my recently added shorts…).

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