Nassim Taleb ‘We still have the same disease’

Nassim Taleb, author of the Black Swan, predicted the financial collapse of the past year:

Blood , sweat and tears. A lot of the growth of the past few years was fake growth from debt. So swallow the losses, be dignified and move on. Suck it up. I gather you’re not too impressed with the folks in Washington who are handling this crisis. Ben Bernanke saved nothing! He shouldn’t be allowed in Washington. He’s like a doctor who misses the metastatic tumour and says the patient is doing very well.

via The Globe and Mail