Forward Thinking on ‘megathreats,’ ‘polycrises,’ and ‘doom loops’ with Nouriel Roubini
Forward Thinking
The Waterland Trigger
The waterland just keeps rising, and we're not sure actually when things will break. Is there a trigger that you're looking for, or is it unpredictable? There are many triggers. You have to look at the balance sheets and the P&Ls of individual sectors. So suppose that we're going to have a recession right now. For housing and corporate, your income is falling. Housing is because falling real wages and eventually unemployment for firms.
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