{"id":6328,"date":"2013-11-19T13:38:04","date_gmt":"2013-11-19T21:38:04","guid":{"rendered":"http:\/\/www.blackswanreport.com\/blog\/?p=6328"},"modified":"2013-11-19T13:38:04","modified_gmt":"2013-11-19T21:38:04","slug":"taleb-blasts-bernanke-greenspan-warns-debt-raises-the-risk-of-catastrophe-zero-hedge","status":"publish","type":"post","link":"https:\/\/www.blackswanreport.com\/blog\/2013\/11\/taleb-blasts-bernanke-greenspan-warns-debt-raises-the-risk-of-catastrophe-zero-hedge\/","title":{"rendered":"Taleb Blasts Bernanke &#038; Greenspan, Warns &#8220;Debt Raises The Risk Of Catastrophe&#8221; | Zero Hedge"},"content":{"rendered":"<blockquote>\n<p>&#8220;Debt increases tail-risk,&#8221; warns anti-fragility expert Nassim Taleb, &#8220;whether it&#8217;s personal, corporate, or governmental.&#8221; A rise in debt, he warns, implies nothing less than a rise in &#8220;the risk of catastrophe,&#8221; and Taleb chides,\u00a0 <strong>governments &#8220;should be focused in risk-management&#8230; instead of creating these risks<\/strong>.&#8221; This brief Bloomberg TV clip cuts to the chase as the normally circumlocutory Taleb unloads on the perils of central banks, &#8220;<strong>Mr. Greenspan created tail risk by eliminating the business cycle<\/strong>,&#8221; and since then tail-risks have accumulated with debt the &#8220;number one creator of these risks.&#8221; In a fascinating phrase, Taleb notes, <strong>&#8220;corporate debt is benign,&#8221; since in failure it turns into equity, &#8220;but government debt is another matter&#8230; for it turns into inflation or worse invasion&#8230;&#8221;<\/strong><\/p>\n<\/blockquote>\n<p><a href=\"http:\/\/www.zerohedge.com\/news\/2013-11-17\/taleb-blasts-bernanke-greenspan-warns-debt-raises-risk-catastrophe\">Taleb Blasts Bernanke &amp; Greenspan, Warns &#8220;Debt Raises The Risk Of Catastrophe&#8221; | Zero Hedge<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;Debt increases tail-risk,&#8221; warns anti-fragility expert Nassim Taleb, &#8220;whether it&#8217;s personal, corporate, or governmental.&#8221; A rise in debt, he warns, implies nothing less than a rise in &#8220;the risk of catastrophe,&#8221; and Taleb chides,\u00a0 governments &#8220;should be focused in risk-management&#8230; instead of creating these risks.&#8221; This brief Bloomberg TV clip cuts to the chase as [&hellip;]<\/p>\n","protected":false},"author":8,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-6328","post","type-post","status-publish","format-standard","hentry","category-contributors"],"_links":{"self":[{"href":"https:\/\/www.blackswanreport.com\/blog\/wp-json\/wp\/v2\/posts\/6328","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\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/www.blackswanreport.com\/blog\/wp-json\/wp\/v2\/comments?post=6328"}],"version-history":[{"count":2,"href":"https:\/\/www.blackswanreport.com\/blog\/wp-json\/wp\/v2\/posts\/6328\/revisions"}],"predecessor-version":[{"id":6330,"href":"https:\/\/www.blackswanreport.com\/blog\/wp-json\/wp\/v2\/posts\/6328\/revisions\/6330"}],"wp:attachment":[{"href":"https:\/\/www.blackswanreport.com\/blog\/wp-json\/wp\/v2\/media?parent=6328"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.blackswanreport.com\/blog\/wp-json\/wp\/v2\/categories?post=6328"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.blackswanreport.com\/blog\/wp-json\/wp\/v2\/tags?post=6328"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}