Nassim Taleb new brilliant book ~ Antifragile: Things that Gain from Disorder

Nouriel Roubini : A review of Nassim Taleb's new brilliant book: Randomness, probability and uncertainty: Stress best, The Economist http://econ.st/UOtAbM - in twitter

Antifragile: Things that Gain from Disorder

Black Swan, Nassim Taleb Supporting Ron Paul

Black Swan,Nassim Taleb Supporting Dr.Ron Paul ."The only candidate I trust is Ron Paul," says Nassim Taleb, "The Black Swan" author. He also shares what he fears will be the next "black swan" event for the U.S. economy.

Nassim Taleb : " I watched the election and something wrong is going on. only one candidate Ron Paul seems to have grasped the issues and is offering the right remedies for the central problems we facing. so i came out just to support -- I'm not involved in politics. I'm a risk based person. but from my risk base vantage point i think one candidate represents the right policies when it comes to the big four, and that candidate is Ron Paul. what are the big four? the first one is deficits. of course, governments self-feeding bureaucratically. second one is the fed. he's going after the fed. the only one with the guts to do it. the third one is militarism. i like defense but not defense because it becomes self-feeding again. and the fourth one is that notion that America, that central notion that America is about is about resilience. and you don't achieve that through bailouts. you need the economy to stay vital and you need a certain rate of failure"

Nassim Taleb : The Banks are more powerful today than they were before the crisis

Nassim Taleb : I do not think the bad news would be the recession , the bad news is continuing to commit the same mistake , too much debt, the tumor at the center of the system that has not been removed it is when someone makes money and gets a bonus and when they lose money we pay the price , tax payers future generations , the core of the problem is that asymmetry in pay off , socializing the losses and privatizing the gain and the generator of that inequity is still there , what has happen since the crisis , these people got us here and they are raping the benefits as an industry they have not suffered , you have people in the street unemployed people , you have the federal reserve doing everything to finance these bonuses , I am outraged ....the first time we bailed out the bank was in 1982 - 83 during the Reagan years and they said OK this should never happen again but the fact that bailed out the banks then and in 87 again and keep repeating it gave the banks the feeling that they could hijack society to extract that bonus system that is extremely sneaky , since they know that if they are making mistakes someone else will pay for it but if they make the money they get the benefits , in 2008 when they bailed out the banks once again they should've set the ground to remove that problem they did not , the banks today have hijacked the government , it is like inverse of hat the french did they socialized the banks in 1981 while here it is the banks who took over the government , it is not like the banks should be taking more risk or less risk , the banks should be something others than machines to generate themselves bonuses , the banks should be something more like utility , we are bailing them out because they are a utility otherwise we will let them die like other business like the car industry , we should remove that problem that has not been addressed , today the banks are vastly more centralized than they were before the crisis they are much more powerful than they were before they have incredibly snaky lobbying in Washington and it looks like every monetary policy w have had in the United States for about ten years were there to accommodate them and today more than ever , so we have not solved the problems that got us here...we have wasted three years doing nothing but transferring money to the pockets of the bankers ....

Black Swan Theory explained by Nassim Taleb

Black Swan Theory by Nassim Nicholas Taleb , The Black Swan Theory explains the existence and occurrence of high-impact , hard-to-predict , and rare events that are beyond the realm of normal expectations which no economist can predict. Any economist that says that they can predict the future is a fraud.Most of the economists are expecting after the fact they explain what HAPPENED , the banking system for 12 years have been building risks on things we do not understand based on bogus economic models financial risk management tools that was unacceptable on says Nassim Taleb