Nouriel Roubini's Vision for a New Safe Haven Asset

Odd Lots

Bloomberg

News, Investing, Business, News Commentary, Business News

4.4 • 1.6K Ratings

🗓️ 5 December 2024

⏱️ 50 minutes

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Summary

For years, investors have relied on the classic 60/40 portfolio of stocks and bonds. The idea behind this was simple: bonds tend to go up when stocks go down, so the two things should act as a natural hedge. But when inflation spiked in 2022 and 2023, the 60/40 portfolio performed terribly and bonds failed to act as a safety cushion. In this episode, we speak with Nouriel Roubini, chief economist and portfolio manager of the new Atlas America Fund, an ETF that is trying to create a new type of safe asset that can withstand big risks, including stagflation, deficits, and de-dollarization. We also talk about the outlook for the US economy in 2025, and the big risks that the chief economist and portfolio manager of the Atlas America Fund sees on the horizon.

Read more: Roubini Launches Treasury-Alternative ETF to Ride Trump-Era Risk
Crypto Critic Nouriel Roubini Is Working on a Tokenized Dollar Replacement

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1:13.2	Hello and welcome to another episode of the Opots podcast. I'm Tracy Alloway.
1:30.6	And I'm Joe Wisenthal.
1:32.3	Joe, do you remember, I think it was in 2022?
1:36.6	Everyone was talking about stagflation.
1:39.6	Yes, of course. Because we had, right, because we had markets were low.
1:45.6	So people were talking about recession.
1:47.3	The Fed was hiking interest rates aggressively.
	...

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