I believe Egan-Jones once downgraded US debt to AA because of our balance of payments problems and our rather irresponsible spending habits. I suppose Taleb’s tactic would make sense if one of the Swans you were betting on was a treasury default.
I believe Egan-Jones once downgraded US debt to AA because of our balance of payments problems and our rather irresponsible spending habits. I suppose Taleb’s tactic would make sense if one of the Swans you were betting on was a treasury default.