>Taleb: Stimulus Made Things Worse

>In November 2006 I recorded the following podcast after reading a book by Nassim Taleb and another by Benoit Mandelbrot.

http://itunes.apple.com/us/podcast/the-meridian-podcasts/id194112396 click on Misbehaviour.

Listening to this podcast I sound almost prophetic, it is literally scary…..except not even I anticipated what was coming. My advice isn’t as good as it could have been, though it was reasonable. Essentially I said if you can’t handle the worst historical fluctuation of stocks, you shouldn’t be in them. I did say “I don’t think we’re going to go through another Great Depression”…..I might just be wrong on that one.

The article I link to above is interesting because Taleb believes the stimulus and current economic policies are the wrong direction for this country – I tend to agree.

Bottom line – The improbable events….happen. The US is taking a huge risk in the amount of debt we are piling up.

Scott Dauenhauer CFP, MSFP, AIF

Kindle

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