When inflation is rising, lose money on equities because the discount factor long bond yields goes higher. A lot of real estate is going to be stranded because of climate change. Some combination of short-term treasuries, inflation index bonds, gold and precious metals may provide your hedge against inflation or financial crisis. What would you recommend a student entering college study today? Well, any young person, men and women as to worry that his or her job eventual isGoing to be displaced by technology, AI, robotic automation. Not just routine jobs, there used to be blue color, increasingly even white color. Cognitive jobs can be sliced into different tasks. Now we have transformers and chat G
Co-host Michael Chui talks with Nouriel Roubini. Roubini is professor emeritus of economics at the Stern School of Business at New York University, and CEO of Roubini Macro Associates, a global macroeconomics consultancy. He covers topics including the following:
- The “mother of all” debt crises and what to do about it
- Likely future trends in the global balance sheet—the world’s economic health and wealth
- The trajectory of globalization
- Which “megathreat” worries him most
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