Nouriel Roubini on World War 3 Starting, Debt Crisis and Robot Takeover
Macro Hive Conversations With Bilal Hafeez
00:00
COVID - Is This a Fair Characterization?
During the GFC was households and banks that lent to households. Today's corporates, its shadow banks and its governments are in trouble. Even within the household sector, the fall in debt ratio for the US was not driven by much higher savings. Once you have a recession, you have a shock to their P&L in income. But even the household sector looks okay because they have jobs and they have a balance sheet for now.
Transcript
Play full episode
