[currenciessfe]

They are all wrong. You just never heard of them.

Taleb loves making fun of economists. One of his jokes:

Trader comes to manager and told him he lost 10 mil because he bought treasuries since the bank economist said they would go up. Manager fires him. Trader asks why, is he required to always win? Manager says no, I didn't fire you because you lost money, I fired you because you listened to the bank economist.

[imtringued]

Neoclassical economics can't be correct, the obvious problem is the lack of liquidity costs/taxes as a way to balance out liquidity benefits. The system breaks down if you do the right thing, so you must do the wrong thing all the time.

[notacoward]

Taleb is in a poor position to be making fun of others' predictions.