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Date Posted: 7:02:31 12/13/22 Tue
Author: Jasper
Subject: Nouriel Roubini, dec 7 2022

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By Alessandro Albano

Investing.com -- Nouriel Roubini, a well-known economist and currently professor emeritus of Economics at New York University's Stern School of Business, is famous for his nothing short of pessimistic predictions about the state of the global economy and financial markets. But this opinion piece in Project Syndicate went further, titled "The Unavoidable Crash," that is, the inevitable collapse that the globalized world will face in a few months from now and that not even central banks will be able to counter.

"After years of ultra-loose fiscal, monetary, and credit policies and the onset of major negative supply shocks, stagflationary pressures are now putting the squeeze on a massive mountain of public- and private-sector debt," the economist writes, warning that "the mother of all economic crises looms, and there will be little that policymakers can do about it."

https://finance.yahoo.com/news/unavoidable-crash-article-nouriel-roubini-055836998.html

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