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Albeit his extreme views sometimes, Taleb is interesting to watch. He is the author of the widely popular book “The Black Swan”.
In this interview, Taleb calls Ben Bernanke ‘procrustes’, Greek word for Dr. stretcher.
Revealing the secrets of time – How people’s perspective of past, present and future shapes people’s behavior…and to some extent, a country’s development.
(hat tip to Carlos Yepez for providing the link)
Bob Shiller, economics professor at Yale University and a pioneer in behavior finance talks about the importance of confidence in economic recovery. He thinks with lingering high unemployment, the national morale is sinking.
And we have to admit we simply do not know many things in the working of our economy.
Bad time doesn’t mean we can’t have fun:
Investment strategist at BNP Paribas, ‘entertains’ you with some good ideas:
A very intriguing interview of David Rubenstein, co-founder of private equity firm The Carlyle Group.
He talks about current economic challenges, the performance of Obama Administration, and US’ strategy to deal with a fast rising China.
Rubenstein’s firm is the most active PE firm in China. Something most interesting to note is Rubenstein is also the owner and collector of Magna Carta, probably the most important historical piece documenting the development of Western property rights.
(click on the image above to view the video; Source: Charlie Rose)
The Obama administration is pressing to extend the Bush tax cuts for everyone with an income under $250,000 a year and to raise taxes on those above.
This so-called middle-income tax cut first sounds very fair, but until you look deep into it. We know most small-business households earn more than $250k, and they are the main job creator of the US economy. You simply don’t want to raise job-generator’s tax during time of huge economic uncertainties with very high unemployment.
Bill Gross says new growth thrust has to be put into US economy. The current policy is just to flush money into toilet.
Does America face Japanese-style deflation?