The S&P 500 could drop by as much as 20%, the euro will fail, and the United States is in permanent decline, he argued.
Audience polling conducted at last week's 64th CFA Institute Annual Conference casts a spotlight on the investment risks that are top of mind for global investment professionals.
In separate sessions at the 64th Annual Conference, the Chicago Booth finance professor and the London-based financial consultant each discussed risks on the horizon for global investors.
Keeping a diary of the motivations and risks of your trades removes hindsight and attribution biases, says Wellershoff & Partners' Joachim Klement, CFA.
Citi's London-based chief economist says the U.S. and Japan's ability to borrow at risk-free rates despite weak fiscal positions could trigger a revolt by bond market vigilantes as early as 2013.
We invest ostensibly for utilitarian benefits, says the Santa Clara University finance professor, but all too often emotion trumps reason.
Will Goodhart, Chief executive of the CFA Society of the UK, discusses the 64th Annual Conference on the BBC Radio 4 morning program "Today."