Economist Nouriel Roubini Who Predicted 2008 Financial Crash. Now, Warns Of ‘Long, Ugly’ Recession

“Even in a plain vanilla recession, the S&P 500 can fall by 30 per cent,” said Roubini, chairman and chief executive officer of Roubini Macro Associates, in an interview Monday. In “a real hard landing,” which he expects, it could fall 40 per cent.

As a result, Roubini sees a stagflation like in the 1970s and massive debt distress as in the global financial crisis.

“It’s not going to be a short and shallow recession, it’s going to be severe, long and ugly,” he said.

Alex McCurthy

Written by Alex

Leave a Reply

Your email address will not be published.

FBI Investigate 17 YO Hacker Based in the UK Allegedly Behind Rockstar GTA 6 leak

Blackpink’s Born Pink sets the highest first-week sales record by a female act