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Nassim (No Brainer) Taleb Get Laughed At
Author and philosophical finance whiz Nassim Taleb began 2014 with a
bold challenge to his fellow economic thinkers.
"I would love to debate a prominent economist LIVE in front of an
audience… Nobody has accepted so far," he wrote on his Facebook page
a few days ago.
So who is up for the challenge?
"I think any economist who debated Taleb
would want to use this," The Week's John Aziz quipped on
Twitter, pointing to this 2010 interview where Taleb argues
shorting treasuries is a "no brainer" due to the U.S. deficit
and the risk of inflation.
"So long as you see the picture of Larry Summers going to
Davos, you have to stay short U.S. Treasuries for another year.
It means they (the Obama administration) don’t know what’s
going on,” Taleb told MoneyNews' Dan Weil in 2010.
Taleb went off on Aziz and others, arguing that his actual profit
and loss ("PL") wasn't indicative of his 2010 statement, which would
have presumably lost money.
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