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Thoughtful Money with Adam Taggart

Nouriel Roubini: 8% Interest Rates By 2030 & 80% Unemployment by 2045??

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.
01:05:38

Episode guests

Podcast summary created with Snipd AI

Quick takeaways

  • The U.S. economy shows strong growth amid persistent inflation, raising concerns about potential recession and increasing income inequality.
  • A K-shaped recovery illustrates the growing disparity between wealthy and lower-income groups, leading to social unrest despite positive economic indicators.

Deep dives

Global Economic Assessment

The current state of the global economy presents a mixed picture, with some regions experiencing growth while others remain fragile. The U.S. has shown exceptional performance, with growth above potential levels, yet many emerging markets and the Eurozone are struggling. The unemployment rate in the U.S. remains low, but the rise in inflation and subsequent efforts by central banks to combat it may lead to a recession. Consequently, while the U.S. seems to be faring better than other advanced economies, challenges such as soaring inflation and increasing income inequality linger beneath the surface.

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