Black Swan author Nassim Taleb explains why QE2 will fail

Author of the ‘Black Swan’ book Professor Nassim Taleb has been proven right by recent events. You have to wonder why people are still not taking him seriously now.

It is particularly odd that those who failed to read the future like Fed chairman Ben Bernanke are still trusted. What Taleb says is obviously right but of course it is not the message anybody wants to hear. He thinks the US economy is about as stable as his native Lebanon at the start of the civil war.