Money manager Kenneth Heebner, convinced that a growing U.S. economy will eventually prompt the Federal Reserve to boost interest rates, has bet 21 percent of his CGM Focus Fund on a decline in U.S. Treasuries.
The risks stemming from the Federal Reserve’s efforts to stimulate the economy through bond purchases are “humongous” and the central bank doesn’t fully understand the potential effects, said Nassim Taleb , author of “The Black Swan.”
Before the just-released National Intelligence Council's Global Trends 2030, before bestsellers such as Nassim Taleb's "The Black Swan," John Naisbitt's "Megatrends," or Alvin Toffler's "Future Shock," there was Herman Kahn's "The Year 2000: A Framework for Speculation on the Next Thirty-Three Years."
Nassim Taleb, author of “The Black Swan,” said he favors investing in Europe over the U.S. even with the possible breakup of the single European currency in part because of the euro area’s superior deficit situation.
Nassim Taleb believes in probabilities, not predictions, but at times it can be hard to tell the difference. “The real Black Swan event,” he said in June, “is that people are not rioting against the banks in London and New York.”