Check out this Michael Panzner video – he’s giving his thoughts regarding his book. It’s called Financial Armageddon, and he has some pretty shocking things to say about where he thinks the world economy is going to end up – frightening stuff, check out the video. In his opinion of ultimate pessimism, it’s hard to know if the extreme view – because it’s so extreme – must be right or wrong. The author NN Taleb predicted the crisis before it happened, and his book, the black swan, supports Michael Panzner in that there is no way to see something like this coming and adapt.
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