{"id":3677,"date":"2011-06-29T20:50:18","date_gmt":"2011-06-30T03:50:18","guid":{"rendered":"http:\/\/www.blackswanreport.com\/blog\/?guid=b1ee04c4aa6db2658b17da4547f304e2"},"modified":"2011-06-29T20:50:18","modified_gmt":"2011-06-30T03:50:18","slug":"black-swan-author-taleb-greece-is-%e2%80%98peanuts%e2%80%99-the-u-s-a-%e2%80%98time-bomb%e2%80%99-marketbeat-wsj","status":"publish","type":"post","link":"https:\/\/www.blackswanreport.com\/blog\/2011\/06\/black-swan-author-taleb-greece-is-%e2%80%98peanuts%e2%80%99-the-u-s-a-%e2%80%98time-bomb%e2%80%99-marketbeat-wsj\/","title":{"rendered":"Black Swan Author Taleb: Greece is \u2018Peanuts,\u2019 the U.S. a \u2018Time Bomb\u2019 &#8211; MarketBeat &#8211; WSJ"},"content":{"rendered":"<blockquote>\n<p>\u201cGreece\u2019s economic ills are a trivial menace to the global economy compared with the much graver threat posed by a heavily-indebted and seemingly immobile U.S. government, author Nassim Taleb said Monday. \u2018There is a serious problem in the U.S.,\u2019 Taleb said after speaking at a business conference here. \u2018The U.S. deficit is around $1.5 trillion. It\u2019s far more dangerous than Greece.\u2019\u201d<\/p>\n<\/blockquote>\n<blockquote>\n<p>\u201cMr. Taleb said investors and government officials around the world are unwise to focus so much on Greece when the real \u2018elephant in the room\u2019 is the U.S.\u201d<\/p>\n<\/blockquote>\n<p>Mr. Taleb keeps the metaphors coming (\u201cGreece is peanuts\u201d The U.S.? \u201cA time bomb.\u201d) throughout his comments.<\/p>\n<p>Curiously, the author of The Black Swan and Fooled by Randomness, proceeds to describe the U.S. in rather less dramatic terms.<\/p>\n<p>\u201cThis is not an insoluble problem,\u201d he said of the U.S. debt crisis. \u201cYou can fix it with some fiddling here and there. But you need the will to do it. And you need consciousness about the importance of debt. I don\u2019t see that. Politicians are good at getting elected, not at solving problems like this.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"<p>\u201cGreece\u2019s economic ills are a trivial menace to the global economy compared with the much graver threat posed by a heavily-indebted and seemingly immobile U.S. government, author Nassim Taleb said Monday. \u2018There is a serious problem in the U.S.,<\/p>\n","protected":false},"author":14,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":["post-3677","post","type-post","status-publish","format-standard","hentry","category-feeds"],"_links":{"self":[{"href":"https:\/\/www.blackswanreport.com\/blog\/wp-json\/wp\/v2\/posts\/3677","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.blackswanreport.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.blackswanreport.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.blackswanreport.com\/blog\/wp-json\/wp\/v2\/users\/14"}],"replies":[{"embeddable":true,"href":"https:\/\/www.blackswanreport.com\/blog\/wp-json\/wp\/v2\/comments?post=3677"}],"version-history":[{"count":0,"href":"https:\/\/www.blackswanreport.com\/blog\/wp-json\/wp\/v2\/posts\/3677\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.blackswanreport.com\/blog\/wp-json\/wp\/v2\/media?parent=3677"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.blackswanreport.com\/blog\/wp-json\/wp\/v2\/categories?post=3677"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.blackswanreport.com\/blog\/wp-json\/wp\/v2\/tags?post=3677"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}