I wouldn’t have guessed what I just learned from Tyler Cowen:
John dePalma directs me to this article, excerpt:
…Just ask Nouriel Roubini of New York University, who has a reputation as the most pessimistic economist in academe.
So how are Roubini‘s They are 100 per cent in equities. In the long run stocks do best and he is not yet close to retirement, so he keeps putting more money into index funds each month. Fully aware of the gravity of the financial situation, he is also aware of the futility of trying to take action or to time the market. Those tempted to make the investing equivalent of a goalkeeper’s despairing dive should take note.