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Taleb Says Euro Breakup ‘Not a Big Deal’ as U.S. Scariest – Bloomberg

Nassim Taleb, author of “The Black Swan,” said he favors investing in Europe over the U.S. even with the possible breakup of the single European currency in part because of the euro area’s superior deficit situation.

Europe’s lack of a centralized government is another reason it’s preferable to invest in the region, said Taleb…

A breakup of the euro “is not a big deal,” Taleb said yesterday at an event in Montreal hosted by the Alternative Investment Management Association. “When they break it up, there will be a lot of fun currencies. This is why I am not afraid of Europe… I’m afraid of the United States.”

The budget deficit as a proportion of gross domestic product in the U.S. amounted to 8.2 percent at the end of 2011… That’s twice the 4.1 percent ratio for euro-region countries…

via Taleb Says Euro Breakup ‘Not a Big Deal’ as U.S. Scariest – Bloomberg.

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