Taleb’s Awful Bond Market Call

From February 4 of this year:

Nassim Nicholas Taleb, author of “The Black Swan,” said “every single human being” should bet U.S. Treasury bonds will decline, citing the policies of Federal Reserve Chairman Ben S. Bernanke and the Obama administration.

It’s “a no brainer” to sell short Treasuries, Taleb, a principal at Universa Investments LP in Santa Monica, California, said at a conference in Moscow today. “Every single human being should have that trade.”

How’s that no-brainer working out? Here’s the 10-year T-bond yield year-to-date:

Posted by on October 12th, 2010 at 12:41 pm


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