Nouriel Roubini Foresees an ‘Ugly’ Mix of the 1970s and the Global Financial Crisis
Dr. Doom sees much worse to come.
Nouriel Roubini, chief executive officer of Roubini Macro Associates Inc., speaks during a Bloomberg Television/Radio interview at the Greenwich Economic Forum (GEF) in Greenwich, Connecticut, U.S., on Tuesday, Sept. 21, 2021.
Photographer: Jeenah Moon/BloombergInvestors hoping the Federal Reserve will reverse some of the biggest interest rate hikes in decades call it a ‘pivot.’ Economist Nouriel Roubini calls it ‘wimping out.’
In an interview with the Odd Lots podcast, the CEO of Roubini Macro Associates and author of the new book “MegaThreats: Ten Dangerous Trends That Imperil Our Future, And How to Survive Them,” says the market and economic pain caused by rate increases will be too much to bear for central banks. They’ll eventually give up on their monetary policy tightening before inflation is ever defeated.