Taps Coogan – October 26th, 2022

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Dr. Nouriel Roubini, chairman and founder of Roubini Macro Associates and Professor at NYU Stern School of Business, recently spoke with Bloomberg about his more-or-less apocalyptical outlook for the global economy and his recent book MegaThreats.

Dr. Roubini was one of the few analysts that actually did warn of the Global Financial Crisis and in April 2020, he also almost perfectly predicted that helicopter money would lead to today’s stagflation.

Well, if you were wondering whether or not we are headed for a deflationary debt crisis or a stagflationary purgatory, according to Dr. Roubini it’s both, a combination of the worst parts of the Global Financial Crisis and the 1970s. Oh, and he sees the risk of global war as pretty high too.

Never known for his bullishness, Dr. Roubini certainly isn’t holding back now. He is basically calling for the end of the era of relative global prosperity and peace and a return to the dynamics of 1914 to the 1950s.

Enjoy the discussion below.