From Global Economic Analysis:

Reflation or not, end of recession or not, the global economic fundamentals have not changed one bit thanks to the misguided actions of central bankers. Nassim Taleb, author of the Black Swan says: ‘We still have the same disease'

Here are some clips from a Globe and Mail interview including some thoughts on Canada.

Margaret Wente: Happy days are here again. The central bankers say the recession is over. The markets are buoyant. Can we relax?

Nassim Taleb: Not at all. Central bankers have no clue. In the first place, the financial crisis was not a black swan. It was perfectly predictable. They ignored the phenomenal buildup in leverage since 1980. They acted like airline pilots who'd never heard of hurricanes.

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More from the "Black Swan":

Nassim Taleb has solved the world's financial crisis

Nassim "Black Swan" Taleb: We're in the middle of a crash

Nassim "Black Swan" Taleb: U.S. leadership is "incompetent;" economy getting worse