鲁比尼周三在彭博社的ETF IQ上表示，“之前所有的通胀冲击都表明，长期债券的名义和实际收益率都将更高。因此，你需要一个替代方案，将在通胀较高时表现良好的事物纳入考虑。”Rubini refuted traditional safe-haven trades, not bullish on long-term US bonds and bitcoin.
American renowned economist, Nouriel Roubini, also known as the 'Dr. Doom,' is preparing for a modest increase in long-term U.S. bond yields, as President Trump's policy agenda - including his support for looser monetary policy and higher tariffs - could trigger inflationary shocks.
The economist running Roubini Macro Associates is preparing for a steepening yield curve, a popular U.S. Treasury trade where the gap between long-term and short-term yields widens. This strategy, dubbed the 'Trump trade' by some, stands to benefit from Fed rate cuts.
Roubini stated on Bloomberg's ETF IQ on Wednesday, 'All previous inflation shocks have shown that both nominal and real yields on long-term bonds will be higher. Therefore, you need an alternative that performs well in times of higher inflation.'
Roubini gained fame for accurately warning of disaster before the 2008 financial crisis. He predicts that traditional safe-haven trades like the popular 60/40 investment portfolio and long-term U.S. Treasury bonds will underperform in an inflationary environment. This situation will worsen if Trump's tariff and immigration plans are implemented.
The newly established Atlas America Fund by Roubini holds short-term treasury bond ETFs as its largest positions, with other assets including gold trust ETFs and climate change hedging strategies.Real Estate Investment TrustMunicipal bonds and corporate bonds.
USAF is the first ETF launched by Rubini through the Atlas Capital Team, a financial technology company he co-founded, aimed at helping create investment strategies to hedge against high-risk situations including uncontrollable inflation, climate change, and internal turmoil.
Rubini said: "In a world where the average inflation rate may be 5% instead of 2%, bond yields may be closer to 7% to 8%, rather than the current over 4%. This makes traditionally safe treasury bonds face huge price risks."
Rubini once referred to Bitcoin as the "mother of all bubbles," despite being touted as another store of value in a world with high inflation risks, he still stays away.
"Bitcoin is highly volatile," he said. "If you want to preserve wealth without high volatility, you want to stay away from such assets."
