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08-13-2010, 10:20 PM #1
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'Black Swan' Auth Taleb: US Bonds Will Collapse, Avoid Stock
'Black Swan' Author Taleb: US Bonds Will Collapse, Avoid Stocks
Thursday, 12 Aug 2010 03:01 PM
By: Dan Weil
Investment author Nassim Nicholas Taleb isn’t buying the government-bond rally that has sent the 10-year Treasury yield down to a 16-month low of 2.68 percent.
Investors have turned to Treasuries as a haven amid a global economic recovery that is fading. Given the explosion in government debt, that isn't a smart move, Taleb says.
The Congressional Budget Office forecast that the debt burden will total 62 percent of GDP by Sept. 30.
Taleb warned of unexpected events upsetting financial markets in his popular book “The Black Swan: The Impact of the Highly Improbable,â€Join our efforts to Secure America's Borders and End Illegal Immigration by Joining ALIPAC's E-Mail Alerts network (CLICK HERE)
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