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« August Employment Report Preview | Main | Weighing the Week Ahead: Your Move, Mr. President »

September 03, 2010



The idea that the unexpected happens all the time - such as Greece will default and drag the Eurozone down with it - has Taleb's imprimatur all over it. He (and others with similar thinking) have done investors a considerable disservice by not reminding us more forcefully that while panics are fairly common, true collapses are rare.
And of course, the IMF paper cited came in for a lot of criticism by those expecting a default.

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