Nouriel Roubini Predicts a Crisis ‘Worse’ Than the 1970s | Odd Lots



Nouriel Roubini is known for his bearish prognostications. And unfortunately, he still doesn’t see any good news on the horizon. In fact, things are going to get much worse, says the famous economist and author of the new book “MegaThreats: Ten Dangerous Trends That Imperil Our Future, And How to Survive Them.” He believes that due to a rolling series of supply shocks, some of which are still unfolding, we’ll have a severe downturn before we get relief from inflation. Unlike the 1970s he says, high levels of private sector debt will make it harder to fight higher prices, and that central banks will reverse course as things start to break in financial markets.



The Fifth Avenue News is a channel where you can learn about the current events in the market- and find out about how to plan for the future. Every day, we deliver our audience the top headlines in business and finance in a quick, concise, and entertaining way. We’re here to keep you up-to-date on the latest news so you can stay informed.

Subscribe to Bloomberg Podcasts: https://bit.ly/BloombergPodcasts

#Bloomberg #Podcast #OddLots

Visit us: https://www.bloomberg.com/podcasts

Follow Bloomberg Podcasts on Twitter: https://twitter.com/podcasts

Visit our other YouTube channels:
Bloomberg Markets & Finance: https://www.youtube.com/channel/UCIALMKvObZNtJ6AmdCLP7Lg
Bloomberg Politics: https://www.youtube.com/c/BloombergPolitics
Bloomberg Technology: https://www.youtube.com/c/BloombergTech
Quicktake Originals: https://www.youtube.com/user/Bloomberg
Quicktake Now: https://www.youtube.com/channel/UChirEOpgFCupRAk5etXqPaA
Quicktake Explained: https://www.youtube.com/bloombergexplained

For coverage on news, markets and more: http://www.bloomberg.com/video

You May Also Like