Most Wall Street workers can expect to see their bonuses slashed this year and some jobs may be cut.
"The mere fact that you do something that has negative consequences doesn't mean it was a mistake," billionaire says. "They had to do what they did."
Dr Doom is back with concerns that this year could punish optimism more savagely than many hoping to see a statistically unlikely "white swan" think.
"It’s purely for speculators looking for action, who don’t mind the risk of trading a worthless digital asset that will eventually zero out."