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- Nassim Taleb, on a panel with IMF Deputy Managing Director Takatoshi Kato, loses his cool: "Before the discussion he gave us a PowerPoint lecture showing the IMF projections for 2010, 2011, ..., 2014. I could not control myself and got into a state of rage. I told the audience that the next time someone from the IMF shows you projections for some dates in the future, to show us what they PROJECTED for 2008 and 2009 in 2004, 2005, ..., and 2007."
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This news story has 8 comments:
Bernanke, Geithner, Obama and all their global friends are calling out: "Sleepwalkers unite! Sleepwalkers unite!"
They should know better than to invite a nonentity into their midst.
On Nov 06 12:54 PM Graham and Dodd Investor wrote:
> Just trying to keep the IMF "honest." Go, Nassim!
www.shtfplan.com/headl...
Truer words were never spoken.
Out of curiousity I went back and looked at some predicitons, and it was pretty ugly. Even worse than the predictions of most stock and financial analysts, if you can believe that.
From Dec 2006, for example: ""Notwithstanding recent financial market nervousness, the global economy remains on track for continued robust growth in 2007 and 2008," the IMF said its latest World Economic Outlook, released Wednesday..."