US faces ‘death spiral’ of swelling debt – Nassim Taleb ...News

Only a “miracle” can reverse the problem, the renowned economist believes The burgeoning US debt pile is akin to a “death spiral” that only a “miracle” could extract the country from, economist and 'Black Swan' author Nassim Taleb said at a business event on Monday, as quoted by Bloomberg. Taleb defined the expanding US debt load as a “white swan,” meaning a risk event that is highly predictable and more probable than a “black swan” event, a metaphor describing an occurrence that comes as a complete surprise. “So long as you have Congress keep extending the debt limit and doing deals because they’re afraid of the

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