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Wednesday, May 30, 2012

Fed Watch: "Fun" Is Not The Word I Would Use

Tim Duy:

"Fun" Is Not The Word I Would Use, by Tim Duy: Bloomberg quotes Nassim Taleb:

A breakup of the euro “is not a big deal,” Taleb said yesterday at an event in Montreal hosted by the Alternative Investment Management Association. “When they break it up, there will be a lot of fun currencies. This is why I am not afraid of Europe, or investing in Europe. I’m afraid of the United States.”

Somehow I think this over-trivializes the situation in Europe. Just a little. Yes, a Euro breakup would create new currencies, and I imagine they could be thought of as "fun" depending on the printing, colors, artwork, etc. But overall, I don't think economic upheaval is the path to "fun."

    Posted by on Wednesday, May 30, 2012 at 09:48 AM in Economics, Fed Watch | Permalink  Comments (43)


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