Nassim Taleb, distinguished scientific advisor at Universa, “The Black Swan” and “Antifragile” author, weighs in on the 2016 election and the potential market reaction to either candidate.
The European Union is doomed to fail, “Black Swan” author Nassim Nicholas Taleb said Thursday.
He told CNBC’s “Power Lunch” the EU has become a “metastatic and rather incompetent bureaucracy” that is too intrusive.
“The way they’ve been building it top down from Brussels is doomed to fail. This is 2016. They are still thinking 1950 economics,” said Taleb, who is also the author of “Antifragile” and is an advisor to Universa Investments.
Taleb has warned about an EU breakup for some time, calling it a horrible, stupid project back in 2012.
HatTip to Dave Lull The European Union is ‘doomed to fail,’ says ‘Black Swan’ author Nassim Taleb
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HatTip to Dave Lull.
Certainly resonates with the current situation.
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