{"id":11025,"date":"2009-07-14T00:00:00","date_gmt":"2009-07-14T00:00:00","guid":{"rendered":""},"modified":"-0001-11-30T00:00:00","modified_gmt":"-0001-11-30T04:00:00","slug":"taleb-i-have-discovered-the-solution-to-the-global-financial-crisis","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/07\/2009\/taleb-i-have-discovered-the-solution-to-the-global-financial-crisis.html","title":{"rendered":"Taleb: I Have Discovered The Solution To The Global Financial Crisis"},"content":{"rendered":"<p>The Business Insider &#8211; Nassim Taleb and his hedge-fund partner Mark Spitznagel weigh in in the FT with an analysis of the world&#8217;s problem (too much debt) and a reasonable solution (convert some of the debt to equity).&nbsp;<\/p>\n<p>As usual, Taleb lards up his argument with guru-speak and smug swipes at every other economist on the planet, which undermine the point.&nbsp; But in this case, the point is a good one.<\/p>\n<p>Converting debt to equity is what corporations do when they go bankrupt.&nbsp; GM and Chrysler just did it, and the airlines will do it next time they go bust.&nbsp; Same for the hundreds of other companies that go broke every year.<\/p>\n<p><a href=\"http:\/\/www.businessinsider.com\/henry-blodget-taleb-i-have-discovered-the-solution-to-the-global-financial-crisis-2009-7\" target=\"_blank\" title=\"Read Complete Article\"><strong>Read Complete Article<\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Business Insider &#8211; Nassim Taleb and his hedge-fund partner Mark Spitznagel weigh in in the FT with an analysis of the world&#8217;s problem (too much debt) and a reasonable solution (convert some of the debt to equity).&nbsp; As usual, [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[14],"tags":[3389,11282,4021,1097,10025,11238,2202,293,11148,14148,11104,14149,14150,14152,14151],"class_list":["post-11025","post","type-post","status-publish","format-standard","hentry","category-success-stories","tag-airlines","tag-business-insider","tag-chrysler","tag-corporations","tag-economist","tag-fund-partner","tag-gm","tag-guru","tag-hedge-fund","tag-lards","tag-nbsp","tag-partner-mark","tag-reasonable-solution","tag-swipes","tag-taleb"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/11025","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=11025"}],"version-history":[{"count":0,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/11025\/revisions"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=11025"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=11025"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=11025"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}