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Are you that special person who - weary from trudging the endless superhighways - just longs to camp next to a glorious oasis of the mind? Do you desire to explore new frontiers, splash in shared ideas, fill your belly with the refreshing fruits of inspiration, and bask in the gentle rays of fond reflection?

Well, you can fuck right off. This, my friends, is not that place. This place is... The ShadowLands.

Wednesday, May 13, 2009

Nassim has seen the future...

and it looks like this:

The current global crisis is “vastly worse” than the 1930s because financial systems and economies worldwide have become more interdependent, “Black Swan” author Nassam Nicholas Taleb said.
Mmmkay, but what does this mean exactly. Here are a few key indicators:

* Personal income, tax revenue, prices, profits and international trade to drop by factors vastly worse than half to two thirds

* The number of children in the United States without adequate food, shelter and medical care will be vastly worse than 50 per cent

* Australia can expect vastly worse unemployment figure than 1932 levels of 29 per cent and Germany, vastly worse unemployment than 30 per cent

* Canada can also expect a vastly worse drop in national income than 44 per cent, and unemployment vastly worse than 27 per cent.

Of course, another possibility is that Mr Taleb has learnt from the warmenists and is speaking out of his arse to get cheap publicity.

UPDATE: Great link on Taleb here where he reportedly claims economists cause him to suffer allergic reactions.


Anonymous said...

Financial institutions are independent from society and thus out of touch.

Anonymous said...

"economists cause him to suffer allergic reactions"

Now that I can believe!