:  World’s ’Problem’ Worse Than ’08: Nicholas Taleb Nassim Nicholas Taleb, author of the best-selling book “The Black Swan,” said the current global market turmoil is worse than it was in 2008 because countries such as the U.S. have larger sovereign-debt loads. “Definitely, we face a bigger problem now and we will pay a higher price,” Taleb, who is also a professor at New York University, said today at a news conference in Kiev, referring to the turmoil during the last global financial crisis. “The structure of the problem has still not been understood. We haven’t done anything constructive in three and a half years. Nobody wants to do anything drastic now.” Federal Reserve Chairman Ben Bernanke signaled yesterday he’ll push forward with further expansion of monetary stimulus if needed. In a fiat currency regime, there is no other way out. It's either "print or die" until it becomes "print and die". This Bloomberg story was sent to me by Roy Stephens..