Market Veteran Predicts Roaring 2020s Economy, But Warns of Energy and Stock Bubble Risks
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Market veteran Ed Yardeni believes this decade will be economically prosperous like the "roaring 1920s" with tremendous productivity and growth.
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Yardeni has two main concerns a 1970s-like energy crisis causing inflation, and 1990s-style "irrational exuberance" in stocks.
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Despite risks, Yardeni still forecasts a 60% chance the 2020s will be economically successful overall.
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Yardeni recommends overweighting the energy sector as oil prices could rapidly rise to $100 per barrel.
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Yardeni took profits in the energy sector recently but still sees more upside for investors in the space.