‘Dr Doom’ warns of an epic market crash is likely, suggests hedging with gold and other alternative assets

MarketsInsider/Theron Mohamed/9-2-2022

cartoon showing gold as something to be used in times of uncertainty“The upshot is the rate hikes needed to rein in inflation could tank the economy, and cause crashes across stocks, bonds, housing, credit, private equity, and other assets in bubble territory, [Nouriel] Roubini said. If that fallout spurs the central bank to give up on fighting inflation, price increases could spiral out of control as well, he continued.”

USAGOLD note: Columbia University’s Roubini worries about a “stagflationary crisis” and suggests investors hedge their portfolios with “alternative assets such as short-term and inflation-indexed bonds, gold and other commodities, real estate, infrastructure, and even bitcoin.”

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