Posted 1/30/2024, 2:48:00 PM
Taleb Warns Soaring US Debt Could Lead to Death Spiral as Deficits Become White Swan Risk
- Nassim Taleb warned that rising US debt could spiral out of control into a "death spiral"
- He stated that increasing US deficits have become a "white swan" event - a highly probable risk
- Taleb explained that the US economy is now much more vulnerable to shocks due to high debt levels
- He believes the political system will struggle to address the deficit properly due to short-term thinking
- Taleb said reversing the US debt trajectory may now require an external force or "miracle"