I'm not bearish on crypto from the peak of last November, even the top two Bitcoin and Ethereum have lost 70% of their value. So this has been an unmitigated disaster. And by the way, these are not currencies. Calling them currencies is a joke. Anybody who knows anything about monetary theory knows that for some to be a currency has to be a negative account. Using Bitcoin or these things is going back to barter because you can price the reality price of goods and services. But if I need a Pepsi token to buy Pepsi Cola and a Coca token to buy Coca Cola, I don't even know how to compare the reality priceof Pepsi to Col
Nouriel Roubini, a.ka. "Dr. Doom," became famous for predicting the 2008 global financial crisis. Now, he is back with another grim forecast, in his new book, "MegaThreats: Ten Dangerous Trends That Imperil Our Future, And How to Survive Them." He and Kara discuss the book, his prediction that we’re headed towards a stagflationary debt crisis, and US-China relations. Dr. Roubini also explains why cryptocurrency is fundamentally flawed (in fact, he thinks it’s less sophisticated than what the Flinstone’s had).
Before the interview, Kara and Nayeema discuss Sheryl Sandberg’s new report, “Women in the Workplace,” a joint venture by her organization, Lean In, and McKinsey & Company. And they talk about China’s president Xi Jinping — who is leaning into a third term as General Secretary of the Chinese Communist Party.
Follow us on Twitter @karaswisher and @nayeema to get the banter in real time!
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