Roubini Sees ‘Crash’ Danger as Zentner Wonders What Evil Lurks
- Warnings of gloom and alarm flow at Lake Como gathering
- ‘Everyone is on heightened alert,’ says Pimco’s Frieda
This article is for subscribers only.
More US banking turmoil, wider economic fallout, the Federal Reserve losing its inflation focus and even a “financial crash” are among a panoply of dangers troubling economists gathering by Lake Como.
“Very, very pessimist,” is how Valerio De Molli, host of the meeting in Italy on Friday, described sentiment among leading observers about prospects for the world after turbulence that tested monetary officials’ nerves from Washington to Frankfurt. Nouriel Roubini, chairman of Roubini Macro Associates, articulated the gloom.