Dollar Collapse Is The Biggest Risk – Nassim Taleb
Nassim Taleb discussed the current misconceptions related to COVID, monetary policy issues, markets, investing, the economy and the outlook ahead for all of us. COVID has made the world better against pandemics, we can say more robust, but has also shown the fragility of big cities, debt based economies, the risk of zombie companies not going bust etc. The main risk is that the stimulus keeps companies alive that should go bust, while the stimulus collapses the dollar over the long-term.On inflation, current monetary policies are inflationary in the long-term, even if we might see short term d...
Coronavirus stimulus checks: First relief package was a waste? Not fully
At a time when discussions are ongoing over the second relief package, one billionaire investor has raised questions about the first relief package. Chamath Palihapitiya, venture-capital investor and Social Capital CEO, believes parts of the first relief package, which included coronavirus stimulus checks, were a waste.Q2 2020 hedge fund letters, conferences and moreDid Congress waste money on the first relief package?Palihapitiya told CNBC recently that Congress wasted money with the first stimulus package. The billionaire did not say that the coronavirus stimulus checks were a waste, but rat...