Nassim Taleb , who popularised the " black swan " theory , has warned that we are on the fringes of a financial crash - the largest ever black swan event - with a subsequent economic depression that could be worse than anything ever before . He points out that US stock markets are at nominal all - time highs , and convertible bonds are also near or at all time . while central banks are sitting on zero percent or negative interest rates , we have reached the extreme final stages of a collapsing system . He warns that post - crash will bring additional need for deeper warfare as there will be a need to control and rebuild society in those areas behind the crash . “ The markets will ultimately crash again , although this time it will hurt a few more people , " he warns .
Nassim Taleb, who popularised the "black swan" theory, has warned that we are on the fringes of a financial crash - the largest ever black swan event - with a subsequent economic depression that could be worse than anything experienced before. He points out that US stock markets are at nominal all-time highs, and government bonds are also near or at all time highs while central banks are sitting on zero percent or negative interest rates, we have reached the extreme final stages of a collapsing system. He warns that post-crash will bring additional need for deeper warfare as there will be a need to control and maintain society in those areas behind the disasters. “The markets will ultimately crash again, although this time it will hurt a lot more people," he warns.