The U.S. economic situation is so bad, the author of “The Black Swan” said he has “no choice but to own stocks” to “preserve my financial situation.”

Jonathan Fickles | Bloomberg | Getty Images Nassim Taleb, New York University professor and author of ‘The Black Swan: The Impact of the Highly Improbable.’

“I own stocks,” Nassim Taleb told CNBC Tuesday. “I don’t trust Treasury bonds. I’d rather have a dividend than a coupon. I am afraid of hyperinflation. So I have no choice but to own stock and some real estate to preserve my financial situation.”

He also has “some euros,” because despite the bad press, “they know the problems in Europe” but the U.S. does not.

 

via I Have No Choice but to Own Stocks: ‘Black Swan’ Author  – US  Business News – CNBC. HatTip to Dave Lull.