Thursday, February 11, 2010

Nassim Taleb - Short US Treasuries

The Grand Master of Risk, Nassim Taleb, is shorting US Treasury Bonds as his number one trade, and recommends that every human being should have this trade too. Watch out too for AngloAustrian hero Hugh Hendry, of Eclectica Asset Management, also tease us with his current favourite trade (Marc Faber hovers in the background as MC):

NB: Watch out for Nassim Taleb's assertion that central banks will dump gold on the market if it gets desperate for them, so he's into palladium and silver too, plus his long bet on the breakup of the Euro. Also watch out for Hugh Hendry's analogy that the Germans being dumped with the Greek debt is similar to the post-WWI Germans being dumped with victor's debt of Britain and France.

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