On February 16, 2009 By Karl Deeter In international financeWith 2 CommentsTags: 3.6 trillion credit losses, banking crisis, banks are bust, banks insolvent, black swan Nouriel Roubini and Nassim Taleb on CNBC
Is it just me or were the presenters on the show extremely rude? I mean, who are they? Just a bunch of know-nothing media hacks who think they are entitled to aggressively question the acknowledged experts on this problem.
Hi Andrew, thanks for the comment! I think you have hit the nail on the head, but at the same time, experts need to be challenged, especially by those who are not expert in the same field so that we can all be confident of their position and to enable the public to understand the situation too.
I think Nouriel Roubini did an excellent job of talking in ‘easyspeak’ and that is an achievement of itself for a man who deals with such complex ideas for a living!
The other person who does this exceptionally is Ex Federal Reserve Chairman Paul Volker, check out some of his speeches – well worth a listen, in particular the one he gave to the economics club of new york