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Black Swan author Taleb says COVID has permanently changed the economy

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Business Insider/Emily Grafeo/11-2-2020

graphic image of chart trend hitting covid19“Black Swan” investor Nassim Taleb told CNBC no matter who wins the election, the coronavirus has permanently changed the economy and some businesses like corporate travel and commercial real estate will never recover.”

USAGOLD note: Taleb has a generally bleak view of our near-term chances against the virus and the future prospects of many businesses …… He believes that “the denial of the seriousness of the coronavirus and the false hope that a vaccine will quickly resolve the pandemic will continue to hurt the economy.” He offers a considerable food for thought in this interview.

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