‘Doctor Doom’ predicts worst crisis in half-century ...News

Russia Today - Economy
‘Doctor Doom’ predicts worst crisis in half-century
source : Russia Today ( News ) () 45
Red-hot inflation will lead to a global financial crash, famed economist Nouriel Roubini warns Global financial markets should brace for a period of decline that echoes the crashes of the 1970s and 2008, according to renowned economist and New York University professor Nouriel Roubini. He told Bloomberg on Thursday that central banks will eventually give up on their monetary policy tightening before inflation is ever defeated. “It’s going to get ugly, the recession, and you’ll have a financial crisis,” Roubini warned. He pointed to stocks that are down more than 20% this year, to strains in private equity, to a co

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