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Alea — Bernanke is a FOOL Proof: The Great Moderation Financial Darwinists Must Applaud Debt-Cost Jump Harvard plans $600 million bond issue - WSJ Paris thieves steal $102m jewels Jim Simons’s Incentives Email This

taleb: worse than anyone thinks and it will happen fast
Decline and Fall of Western Civilization — again via paul kedrosky, nassim taleb on charlie rose. this follows on an earlier interview which included benoit mandelbrot. key takeaways: the precedent of 1929-1933 may be deceiving because of the speed of information and the tightness of coupling in a globalized, datalinked world -- what needs to happen is more, as debt levels incurred under the delusion of efficient-market-hypothesis-derived value-at-risk modeling are much larger than they ever were in the 1920s or indeed any previous event, but it may happen much faster. taleb is ...

Great Moment in Journalism: "Thud"
Calculated Risk — Charlie Rose interviews Nassim Taleb (author of the "The Black Swan"). This short clip (1 min 14 secs) features Taleb suggesting Roubini is an optimist! (hat tip bobn for sending this to me). The entire interview is here.

Readings: Mexican bust, Russian grain & oil, Taleb on economics
GalaTime — ... to the Soviet Union (see figure 5). The Spanish empire, without losing a single battle on the ground for fifty years, managed to lose all of its possessions in Europe outside of the Pyrenees, including Portugal, and came very close to losing Aragon and Catalonia as well. In 1989, also without losing on the battlefield for fifty years, the Soviet Union lost control over Eastern Europe.  Charlie Rose: Taleb on economics ...

The Doomsters: Taleb vs. Roubini
InvivoAnalytics.com — ... . Taleb was on Charlie Rose [ VIDEO ] this past week to say that he is even more pessimistic than Nouriel Roubini. Charlie said that the returns of the fund that Taleb advises is up by “50 - 110%”. What? Is that all a black swan can fetch during Financial Armageddon? Or is there ...

Today's Theme: Regime Uncertainty
EconLog: Library of Economics and Liberty — ... discuss the concept on this week's econtalk. Nassim Taleb tells Charlie Rose that we are headed for Capitalism 2.0, in which stock prices are much lower, and banks are treated like public utilities--their job is to run the ATM machines and process payments, but not to take risks. ...