Nassim Taleb

The effect on the stock market, as you realize, the previous rally that we had was driven by a very small number of names.

And now we probably have some broadening, re-broadening effects on redistribution.

But a lot of the gains in the stock market are going to be eradicated by that.

So this is why we're at a juncture of a lot of instabilities across many domains.

The effect on the stock market, as you realize, the previous rally that we had was driven by a very small number of names.

And now we'll probably have some broadening, re-broadening effects on redistribution.

But a lot of the gains in the stock market are going to be eradicated by that.

So this is why we're at a juncture of a lot of instabilities across many domains.

The Western world, the United States and Europe, cannot afford another oil shock like the one we had in the 1970s.

For those who remember what happened then, it's something, it's both inflation, stagflation that we had, inflation, commodity-driven inflation, that is not easy to remedy with monetary policy.