The Black Swanist thinks US Government bonds and stocks are in for a miserable time.

He told the Discovery Invest Leadership Summit in Johannesburg: “By staying in cash or hedging against inflation, you won’t regret it in two years.”

He added that the financial system is riskier than it was before the 2008 crisis that led the U.S. economy to the worst contraction since the Great Depression according to Bloomberg.

Glass definitely not half full.