Black Swans

Nassim Taleb Says Quantitative Easing Is Like Ketchup

Here is a video of The Black Swan author Nassim Taleb saying on Bloomberg TV the Fed is basically shaking a giant bottle of monetary ketchup over the dinner plate of the American economy. Eventually that ketchup bottle is going to explode everywhere, covering our nation with a viscous, sticky, economically corrosive condiment.

The Day the Dow Dived

On Thursday, May 6, at 2:45 in the afternoon, the billionaire industrialist Wilbur Ross was interviewing a job candidate in his 27th-floor office when his computer screen went all red. The Dow, which had opened the day above 10,800, began falling. It dropped, paused and then plunged monumentally, down past 10,400 and 10,000 and then Read More