Thursday, May 7, 2009

Taleb: Global Crisis "Vastly Worse" Than 1930s, Buy Gold and Copper


Investment advisor, risk expert and "Black Swan" author Nassim Nicholas Taleb said today:

The current global crisis is “vastly worse” than the 1930s because financial systems and economies worldwide have become more interdependent ...

The global economy is facing “big deflation,” though the risks of inflation are also increasing as governments print more money...Gold and copper may “rally massively” as a result...

“We’re going to get to the point where recovery is just not soaring and they’re going to do the same again. We’re going to have a very slow recovery from here.”...

Gold, copper and other assets “that China will like” are the best investment bets as currencies including the dollar and euro face pressures...

And see this.

Note: Numerous other experts agree with Taleb that this could be worse than the Great Depression.

I am not an investment advisor and this should not be taken as investment advice.

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1 comment:

  1. G SIMMONSMarch 8, 2010 at 3:19 PM

    Taleb. I single handely am responsible for a HUGE part of your book sales = i am actually NOT joking! I would love to talk at some point if you ever have a few minutes 808 573 2747 and my website is - - to see if we have much to talk about in your mind - - WWW.SCOPELABS.NET

    hope to talk to you someday

    -G

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