What Is The Smartest Man In Europe Saying

Byron Wien, CNBC

Byron Wien: I Spoke To The Smartest Man In Europe, And What He Had To Say Was Terrifying -- Business Insider

Blackstone's Byron Wien is up with a new blog post, wherein he relays a conversation he had with someone he only refers to as The Smartest Man In Europe.

Wien doesn't say who The Smartest Man In Europe is, but describes him as basically an incredibly brilliant, wordly, rich businessman.

Many of you remember The Smartest Man from earlier essays; I have been writing about him annually for more than a decade. He has been a friend for thirty years, and during that period he has shown an almost uncanny ability to see major events affecting the financial markets before other observers. Among these were the fall of Japan as an economic power in the 1980s, the economic changes in China and their significance the early 1990s, and the serious consequences of excessive borrowing in the developed world in the last decade.

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My Comment: Sober reading. Byron Wien's blog post is here.