Biden administration has a new rule that stops US nationals from working with Chinese chip firms without a license. Bars sales of chip making equipment in China. Apple has been making changes, moving things around. This is, we are setting up for a real first, first diplomatic war with China and a resources war. But eventually, probably a much bigger one.
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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