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Nouriel Roubini Predicts a Crisis 'Worse' Than the 1970s

Oct 19, 2022

Nouriel Roubini, a renowned economist and author of "MegaThreats," discusses the grim economic outlook. He predicts a downturn worse than the 1970s due to ongoing supply shocks and high private sector debt. Central banks, he warns, will struggle to combat rising inflation as financial markets face mounting pressure. The conversation also touches on the need for digital transformation during these challenging times and highlights the urgent risks of a stagflationary debt crisis for both the U.S. and global economies.

43:10

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Episode guests

Nouriel Roubini

Highlights

AI Chapters

Episode notes

Will Real Estate Survive Global Climate Change?

01:22

The Fed Did It in 2019

01:20

The Debt Crisis in the Private Sector

01:20

Intro

2min

Navigating Economic Turbulence

10min

Navigating Stagflation and Digital Transformation

7min

Interest Rates and Debt: An Economic Dilemma

11min

Navigating Investment Strategies Amidst Rising Inflation and Market Volatility

4min

Navigating Economic Turmoil

14min

Reflections on Economic Surges and Crises

2min

Nouriel Roubini is known for his bearish prognostications. And unfortunately, he still doesn't see any good news on the horizon. In fact, things are going to get much worse, says the famous economist and author of the new book "MegaThreats: Ten Dangerous Trends That Imperil Our Future, And How to Survive Them." He believes that due to a rolling series of supply shocks, some of which are still unfolding, we'll have a severe downturn before we get relief from inflation. Unlike the 1970s he says, high levels of private sector debt will make it harder to fight higher prices, and that central banks will reverse course as things start to break in financial markets.

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