‘Disneyland’ for investors is over, Nassim Taleb warns ...News

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‘Disneyland’ for investors is over, Nassim Taleb warns
source : Russia Today ( News ) () 14
Famed author and former trader says the market is not ready for high interest rates Former banker Nassim Taleb, best known for his bestseller “Black Swan,” has advised market players to brace for drastic changes worldwide, due to rising interest rates. In an interview with Bloomberg TV, aired on Tuesday, he said that over the past 15 years, investors have grown used to near-zero interest rates, introduced to drag Western economies out of the 2008 financial crisis. This triggered a number of asset bubbles, with assets trading much higher than their true value. Taleb estimates these at more than half a trillion doll

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