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  1. Oct 18, 2022 · Renowned economist Nouriel Roubini warns of ten interconnected threats that could lead to a catastrophic global economic crisis, including debt, inflation, and climate change. Popular highlight The Mother of All Debt Crises may take place sometime during the current or next decade.

  2. Oct 12, 2022 · But reflecting today’s rampant inflation, Nouriel Roubini now identifies 10 so-called megathreats, spanning various economic, financial, political, technological and environmental disasters.

  3. Oct 18, 2022 · In this book's first part, Roubini analyses debt, demographic, and dangerous policy megathreats while in the second part, he examines financial, trade, geopoltical, techological, and environmental megathreats that are hurtling towards us.

    • (810)
    • Hardcover
    • Goodbye to All That
    • Hard Choices, Hard Landings
    • Sticky Stagflation
    • The Worst of All Possible Economies
    • The Moment of Truth

    Fast-forward from this relatively “golden†period between 1945 and 1985 to late 2022, and you will immediately notice that we are awash in new, extreme megathreats that were not previously on anyone’s mind. The world has entered what I call a geopolitical depression, with (at least) four dangerous revisionist powers – China, Russia, Iran, an...

    The macroeconomic situation is no better. For the first time since the 1970s, we are facing high inflation and the prospect of a recession – stagflation. The increased inflation in advanced economies wasn’t “transitory.†It is persistent, driven by a combination of bad policies – excessively loose monetary, fiscal, and credit policies that...

    In addition to the short-term factors, negative supply shocks and demand factors in the medium term will cause inflation to persist. On the supply side, I count eleven negative supply shocks that will reduce potential growth and increase the costs of production. Among these is the backlash against hyper-globalization, which has been gaining momentu...

    When the recession comes, it will not be short and shallow but long and severe. Not only are we facing persistent short- and medium-term negative supply shocks, but we are also heading into the mother of all debt crises, owing to soaring private and public debt ratios over the last few decades. Low debt ratios spared us from that outcome in the 197...

    In any case, these megathreats will further contribute to rising income and wealth inequality, which has already been putting severe pressure on liberal democracies (as those left behind revolt against elites), and fueling the rise of radical and aggressive populist regimes. One can find right-wing manifestations of this trend in Russia, Turkey, Hu...

  4. Oct 18, 2022 · Renowned economist Nouriel Roubini was nicknamedDr. Doom,” until his prediction of the 2008 housing crisis and Great Recession came true--when it was too late. Now he is back with a much...

  5. Nov 7, 2023 · Renowned economist Nouriel Roubini was nicknamedDr. Doom,” until his prediction of the 2008 housing crisis and Great Recession came true—when it was too late. Now he is back with a much scarier prediction, one that we ignore at our peril.

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