Bloomberg the Company

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Follow Us

Industry Products

Taleb Calls Cameron ‘Extraordinary’ in New Statesman Interview

Don't Miss Out —
Follow us on:

June 17 (Bloomberg) -- Nassim Nicholas Taleb, author of “The Black Swan,” said British Prime Minister David Cameron is “the only thing we have left” to build a more robust economy, in an interview with the New Statesman magazine.

Taleb, whose book is about how unforeseen events can roil markets, said that Cameron is “extraordinary” and “understands expert problems,” according to a transcript released by the London-based magazine. By contrast, “Barack Obama doesn’t have a clue.”

After Taleb met Cameron for an hour in London, he told the New Statesman, “I went to Washington, and the discourse had nothing to do with the real problem. And I thought, ‘He’s the only thing we have left.’”

Cameron’s government yesterday announced the formation of a panel to examine the future structure and regulation of banking, including the question of whether to split up retail and investment banks. Taleb praised his moves to cut the deficit.

“You have to take some pain to remove the tumor,” he said. “It’s unethical for members of society today to spend their great-grandchildren’s money. Lower the level of debt, encourage equity, and you definancialize the economy.”

To contact the reporter on this story: Robert Hutton in London at rhutton1@bloomberg.net.

To contact the editor responsible for this story: James Hertling at jhertling@bloomberg.net.

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.