It’s always entertaining to listen to Taleb and financial-tainment hosts discuss irrational markets, fiscal policy and risk management.
The Black Swan author Nassim Taleb says the US dollar is losing its status as a reserve currency as central banks build up gold reserves and investors see the US as more risky.
He pointed to the behavior of gold over the past 12 months as evidence that it’s effectively now the reserve currency. The trend began under Joe Biden, he said, and has accelerated under Trump.
The author also said President Donald Trump’s approach to tariffs will depress US gross domestic product and could soon lead to labor shortages. Here is a direct video link.
