Thoughtful Money with Adam Taggart Nouriel Roubini: 8% Interest Rates By 2030 & 80% Unemployment by 2045??
6 snips
Feb 13, 2025 
Nouriel Roubini, a prominent economist known for predicting the 2008 financial crisis, joins the discussion with insights on potential 8% interest rates by 2030 and alarming predictions of 80% unemployment by 2045. He explores the implications of geopolitical tensions on U.S. economic stability, the contrasting K-shaped recovery, and the impact of automation on job markets. Roubini also dives into investment strategies amidst rising inflation, cautioning against the volatility of cryptocurrencies while advocating for safer asset classes.
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Global Economic Outlook
- The global economy presents a mixed picture, with the US outperforming other advanced economies but still facing internal challenges.
- Many emerging markets remain fragile, and geopolitical tensions add to economic uncertainty.
US Market Assessment
- US financial markets have seen strong growth, but valuations are high, suggesting moderate returns in the future.
- Risks are skewed to the downside due to potential policy changes and economic headwinds.
US Recession Risk
- The US likely avoided a hard landing recession, with a soft landing or no landing scenario being more probable.
- However, a no landing scenario, with continued growth above potential, could lead to stagflation.
