Hedge Funds

Taylor's future shock

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FX Concepts is riding the wave in currency volatility, even as its founder talks doom and gloom.

FX Concepts is riding the wave in currency volatility, even as its founder talks doom and gloom

By Josh Friedlander

Economists may argue about whether the current downturn is a recession or a depression, but John Taylor is way ahead of them: He's worried that we could have a revolution. It all hangs on whether President Barack Obama's stimulus plan works, and Taylor is not optimistic. "In my heart of hearts, I think it can't work. Not without a whole lot of agony."

It would be comforting to dismiss Taylor as a doomsday crank, but clearly