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Pro-Life

08/18/15 7:54 PM

#147186 RE: jet1968 #147185

That's for sure... Only The Date Is Unknown
August 11, 2015

http://www.economicnoise.com/2015/08/11/only-the-date-is-unknown/

Nassim Taleb described the problem:

Uncertainty should not bother you. We may not be able to forecast when a bridge will break, but we can identify which ones are faulty and poorly built. We can assess vulnerability. And today the financial bridges across the world are very vulnerable. Politicians prescribe ever larger doses of pain killer in the form of financial bailouts, which consists in curing debt with debt, like curing an addiction with an addiction, that is to say it is not a cure. This cycle will end, like it always does, spectacularly.


The rest of the article is available at the link above...