Group 1 - Economist Nouriel Roubini predicts that the U.S. core inflation rate will rise to 3.5% by the end of 2025, indicating a slowdown in economic growth and potential recession in the second half of this year [1] - Roubini warns that inflation remains too high, making it difficult for the Federal Reserve to shift its policy, as the core personal consumption expenditure index remains stubbornly above target levels [1] - He anticipates a "mild stagflation shock" and expects global trade negotiations to cool down, potentially leading to many countries facing tariffs of around 15% [1] Group 2 - Roubini is the fund manager of the Atlas U.S. Fund (USAF), which aims to protect investors from inflation, economic shocks, and climate instability, currently managing assets of $17 million [2] - Since its launch in November, USAF has risen over 5%, although it has underperformed compared to the S&P 500 index [2] - The fund focuses on stable returns rather than high returns, appealing to investors expecting slow, long-term instability rather than sudden collapse [2] Group 3 - USAF has recently increased its exposure to cybersecurity and defense technology while buying short-term inflation-protected bonds and reducing real estate holdings [3] - Roubini believes that the global economy is gradually moving away from the dollar, with investors preparing for this shift [3] - The fund's portfolio includes gold, short-term U.S. government bonds, and agricultural products, which have shown mixed performance [2][3] Group 4 - Roubini's outlook includes rising inflation, slowing growth, geopolitical uncertainty, and tightening global financial conditions [4]

Group 1 - Renowned economist and investor Nouriel Roubini predicts a challenging period for the US economy, expecting the core Personal Consumption Expenditures (PCE) index to reach approximately 3.5% by year-end, with economic growth potentially turning negative [1] - Roubini describes the second half of the year as a "mini-stagflation shock," indicating that the Federal Reserve is unlikely to cut interest rates until at least December [1] - The Atlas America Fund (USAF), managed by Roubini, aims to mitigate various economic risks, including structural high inflation and climate change, and has shown a steady performance since its launch [2][3] Group 2 - The USAF has a small asset size of approximately $17 million and has increased by over 5% since its inception, demonstrating defensive characteristics during market downturns [2] - The fund's portfolio includes gold, short-term US government bonds, and exposure to agricultural commodities, with recent adjustments made to increase holdings in defense technology and cybersecurity stocks [2][3] - Roubini's significant investment in gold reflects a belief that the world is moving away from the US dollar, although he does not foresee a collapse of the dollar [3]