Forward Thinking on ‘megathreats,’ ‘polycrises,’ and ‘doom loops’ with Nouriel Roubini
Forward Thinking
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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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