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Odd Lots

Nouriel Roubini's Vision for a New Safe Haven Asset

Dec 5, 2024
Nouriel Roubini, chief economist and portfolio manager of the Atlas America Fund, discusses the evolving landscape of investment strategies in light of recent economic challenges. He critiques the 60/40 portfolio's failures during inflationary times and proposes innovative safe asset solutions. Roubini also examines the impact of potential future policies, U.S. economic outlook for 2025, and the complexities of adapting to a shifting dollar environment. His insights pave the way for new approaches amid rising stagflation and global economic uncertainty.
45:45

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Podcast summary created with Snipd AI

Quick takeaways

  • The traditional 60/40 portfolio's failure during recent inflation spikes reveals the need for innovative investment strategies like the Atlas America Fund.
  • Nouriel Roubini emphasizes the potential risks of stagflation and the importance of diversifying away from long-duration fixed-income securities.

Deep dives

Wells Fargo's Community Impact

Wells Fargo is dedicated to fostering sustainable and inclusive communities by addressing critical needs such as housing affordability, small business growth, and financial health. Over the past five years, the bank has invested nearly $2 billion into local communities to promote these initiatives, showcasing their commitment to social responsibility. Their philanthropic efforts involve contributions from various branches, including Wells Fargo & Company, Wells Fargo Bank N.A., and the Wells Fargo Foundation. This focus on community impact illustrates the bank’s strategy of not only pursuing financial success but also enriching the environments where they operate.

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