Post
Topic
Board Economics
Merits 1 from 1 user
Topic OP
Roubini Warns about the Incoming Stagflation
by
mu_enrico
on 25/06/2020, 00:15:07 UTC
⭐ Merited by Upgrade00 (1)
Roubini, the economist that we all love Grin predicts about the future stagflation:

Quote
Roubini -- known for for warning the International Monetary Fund in 2006 that the U.S. housing market would soon collapse -- painted a picture of a bleak future with so-called stagflation, in which growth stagnates but inflation picks up.

“We’re going to be faced now with a significant amount of negative supply shocks in the global economy,” he said, citing deglobalization and slower technological innovation, alongside enoormous money creation to help with debt loads. “Eventually the inflation genie will get out of the bottle.”


Source: https://www.msn.com/en-us/finance/markets/stiglitz-urges-capitalism-rethink-as-roubini-invokes-stagflation/ar-BB15SyLD

The last stagflation in the '70s was quite long and painful, are you ready to go through this crisis once more? Or this guy is just too pessimistic?
summon @realDonaldTrump