Investors may appreciate easy-money monetary policy for the lift it has given markets since the pandemic in particular, but Nassim Taleb, the “Black Swan” author and risk-management guru, doesn’t think it has done them any favors.
In a freewheeling interview with CNBC’s “Squawk Box” on Thursday, Taleb said that the Federal Reserve’s decision to keep monetary policy so easy for so long until recently has created at least a couple of “tumors” in markets. And it may also have potentially misled a generation of investors into underestimating the ease of making a living picking stocks.
“Now, people will discover that there’s time value of money,” Taleb said, referencing a popular economic concept that explains why a dollar today is worth more than the same dollar at some point in the future.
Quantitative easing needs to be moderated
Feds are printing money because of wall street's bad bets. But wall Street owns you so you will never speak the truth
He is right
No. Bitcoin sort of. Real estate no. Real estate has intrinsic utility. Bitcoin does not, it’s a Ponzi scheme.
1987 was when I saw the first big drop. What makes his words compelling is that we had been in a 40 year bond bull market that might have fully ended
GFY
That's a bad say from this man. Bitcoin is actually the it!.
His overthinking head is the real tumour. He doesn’t understand what Bitcoin is or he is one of those Fiat Ponzi scheme supporting scum.