Roubini has predicted 12 of the last 3 recessions. I have heard the joke. Some of those predictions were early not wrong.
Being permanently bearish is a terrible investing strategy. I know that. But being permanently bullish while ignoring structural risks is worse.
The Great Moderation is over. Prepare for a decade of higher inflation higher rates and lower returns. This is the new reality.
I predicted the 2008 crisis in 2006. They called me Dr. Doom. Then the world collapsed. They called me Dr. Right.
Megathreats. Climate change. AI displacement. Deglobalization. Debt crises. The world faces more simultaneous risks than at any time since the 1930s.
I launched an ETF. After decades of telling everyone what to sell I finally have to show them what to buy.