The root of the crisis over the past couple of years wasn't recession, but debt, which has spread "like a cancer," according to Taleb, who is now relived that public attention has shifted to debt, instead of growth.
Source: cnbc.com
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Friday, June 11, 2010
Debt Spreading 'Like a Cancer': Black Swan Author
The market will force some difficult decisions soon. Prosperity cannot be achieved through devaluation, leverage, and and more debt issuance into a system saturated with debt.
Source: cnbc.com
Source: cnbc.com
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