Nouriel Roubini on Economic Threats, Dollar and Fed
HTML-код
- Опубликовано: 15 окт 2024
- Nouriel Roubini, CEO of Roubini Macro Associates and author of "MegaThreats," discusses the threats facing the global economy, the US dollar shortage and Federal Reserve monetary policy on "Bloomberg Surveillance." Nouriel Roubini on Economic Threats, Dollar and Fed
Watching your videos have increased my confidence in trading amidst the current situation. I understand it's quite risky but I'm in it for the long term so I'm trying not to worry about the ups and downs. Thanks and keep up the good work.
Yeah, knowing how to react to most market conditions without emotions is key, especially with the instability in the market right now. Goodluck Alice.
@@Mariegot7770 Of course, it would but the major issue would be to get someone with enough experience in the markets and trustworthy enough to handle your trades without monopolizing your funds. I've had bitter experiences in the past.
@@kimChris3880
@@Mariegot7770
My greatest concern is how to recover from all these economic and global troubles and stay afloat especially with the political power tussle going on in the world.
@@dingyraskal34
@@williamskohler8337
@@sheliaswelttk2535 just look her name up online Amy Priscilla Raskin to get in touch with her, her details are provided online.
@@tomjason2495
Accurate assessment by Roubini, stupid questions by the interviewers constantly interrupting him other than the assets he recommends sheltering in. Will check out his book.
100% interviewers acted like they were interviewing for Clown Biz Channel
Totally agree! Clowns.
With all this scary news making the headlines, is this really a good time to buy stocks? I know everyone says the mrkt is ripe enough for buying but will stocks tank further this year? How long until a full stock recovery? How are other people in this mrkt raking in over $250k gains within months, I'm really just confused at this point.
It all depends on how long you're willing to hold for, stocks might likely tank further, but making serious gains in this downtrend wouldn't be a problem if you're a pro
@@claraclouse9086 I got into a bit of dilemma myself due to this chaotic mrkt, wasn't sure if to sell or just wait a little longer, 75% of my portfolo was tanking and in the red, but I began gaiinng clarity and have more confidence in my invt. through an lnvt-advlser, I know most DlY-lnvestor like me would say advlsors aren't essential, but come to think of it, they're better trained and equipped at this and if I have to give just a little amountin fees for me to be able to net $650K in less than 8months like I did this year, I truely don't mind.
@@bobbymainz1160 Omg you made 650k this year? Who is this coach that guides you?
@@joesphcu8975 *Ingrid Cecilia Raad* is the coach that guides, you probably might've come across her before, she's quite known in her field, search her
Nouriel Roubini is always worth listening. He is our check and balance.
I wonder if people that experienced the 2008 crash had it easier because this market conditions are driving me to insanity, my portfolio has lost over $20000 this Nov. alone my profts are tanking and I'm don't see my retirement turning out well when I can't even grow my stagnant reserv.
The key to big returns is not big moving stoc,ks. It's managing risk in relationship to reward. Having the correct size on and turning your edge as many times as necessary to reach your goal. That holds true from long term investing to day trading
@Flynn Chasin Please can you leave the info of your investment advsor here? I’m in dire need for one
I can recover your losses in less than 30 days
Social policies to defend, for your future, is your new future !
A weak dollar can signal an economic downturn, making me to ponder on what are the best possible ways to hedge against inflation, and I've overheard people say inflation is a money-eater thus worried about my savings around $200k
The stock market is a way to hedge against inflation. Most notably amidst recession, investors need to understand where and how to allocate funds to hedge against inflation and still make profits.
It’s precisely at times like these that investors need to be on guard against the next certainty. You don’t have to act on every forecast, hence i will suggest you get yourself a financial-advisor that can provide you with entry and exit points on the shares/ETF you focus on.
@@Steyne968
@@tradekings5433
@@Natalieneptune469 Credits to 'Susan Agnes Hancock' she has a web presence, so you can simply just search her.
Roubini is a stalwart champion. Love the way he won't let anyone stop him short until he's finished making his point.
Literally first few minutes he was being stopped
Times are weird. The US dollar is losing purchasing power due to inflation while strengthening against other currencies and assets. The stock market, real estate, crypto AND precious metals are down because people are fleeing to the "safety" of the dollar. where else can we put our investment money? I can't afford to see my savings of around $320,000 turn to dust in front of my eyes.
Personally, I would say have a mentor. Not sure where you will get an experience one, but if your knowledge of the market is limited, it seems like a good bet.
@@billybrannon6394 I agree. Having an investment advisor is the best way to go. Based on a direct encounter with a CFP named Natalie Paige Harwell, I can say with certainty that their skills are excellent. She helped raise over $580,000 in 18 months from an initially stagnant portfolio of $150,000.
@Gerald Maier Yes, they can have a positive impact on an individual's portfolio. Natalie’s strategy is transparent allowing full ownership of my tråding account and the fees are very reasonable compared to my return on investment
@@stevensmiddlemass2072 I looked up Natalie using her full name and found her web-page, read through her resume, educational background, qualifications and it was really impressive. She is a fiduciary who will act in my best interest. So, I sent a message and hopefully she responds soon.
Only Metals will be Valuable after the Reset .
They want Nouriel’s wisdom, but they want to control what he says, or so it seems.
Recessions are part of the economic cycle, all you can do is make sure you're prepared and plan accordingly. I graduated into a recession (2009). My 1st job after college was aerial acrobat on cruise ships. Today I'm a VP at a global company, own 3 rental properties, invest in stocks and biz, built my own business, and have my net worth increase by $500k in the last 4 years.
Let's face it... buying more stocks & index funds during stock market corrections and bear markets is scary. Which makes it really hard to do for most people like me. I have 260k i want to transfer into an s&s isa but its hard to bite the bullet and do it.
@@checkforme234 You need a Financial Advisor my friend so you don't get ripped off in the market. They provide personalized advice to individuals based on their risk appetite, placing them among the best of the best. There are bad ones, but some with good track records can be very good.
@@kimyoung8414 I agree with you totally Rose, Yes they can be positively impactful to an individual's portfolio. I started with a trust Financial Adviser named "INGRID CECILIA RAAD". She is verifiable and her work ethic complies with the US Investment Act of 1940. Her approach is transparent, allowing full ownership and control of my portfolio with very reasonable fees relative to my portfolio earnings.
@@erichkraetz2622 I know I've wanted to start investing for a few months, but just haven't had the courage to start because the market has been down for most of this year. Please how can I reckon with such skills and what are his services like?
@@joesphcu8975 She covers things like investing, insurance, making sure retirement is well funded and looking at ways to have a volatility buffer for investment risk, lots of things like that. You can take a look at her full name on the internet. She is renowned. So it shouldn't be difficult to find her official webpage.
I watched this interview 3 times; When covid started..he warned of stagflation as early as late march of 2020... I am afraid he is correct
Nouriel Roubini is one of my favorite economists! I really enjoy his videos and he always has great insight into the economy. I think he's spot on with his analysis of the current state of the economy and the threats it faces. I also agree with him that the dollar is overvalued and that the Fed is making a mistake by raising rates. Thanks for sharing this video
@RC Rorex ... The dollar is overvalued .... compared to what? Are you seriously saying that the dollar is overvalued relative to the Euro, the Pound, the Yen, or what currency? And why would the FED be making a mistake in raising interest rates? What else are they supposed to try in bring inflation down? And what about any lenders ..... are they supposed to lend money to you and others at a loss ........if inflation is 10% and interest is 4% then they are losing 6% per year just by lending money to you ...... who or why would anyone do that?
Finally, we have somebody the speaks reason. About time.
Austrian economists have been saying this for a whiiiiiillle
You'd better be fully awake and alert when listening to this man talk!
Nobody can become financially successful overnight. They put in background work but we tend to see the finished part. Fear is a dangerous component, hindering us from taking bold steps we need in other to reach our goals. you have to contend with inflation, recession, decisions from the Feds and all. I was able to increase my portfolio by $289k in months. You have to seek for help in the right places.
I think it's not always about fear, Sometimes realistic factors discourage people from reaching their goals in life. For instance, I've tried investing in the stock market several times but always got discouraged by fluctuations of stock value
This is the problem! Most times people with little or no knowledge of the stock market try investing by themselves. It once happened to me, then I learned my lesson and contacted a US-based finance consultant by name Corinne Cecilia Heaney and everything changed. In in the first quarter of this year i made $370k and counting
@@veniceblackwood2931 Impressive, that sounds good but how do I reach out to Corinne ?
@@corneliajennins5714 look her up on the web, she's well known
@@veniceblackwood2931 thanks for the recommendation, i was able to find her and scheduled a call, she seems proficient
Wow. Totally consistent with the 1972 MIT Limits to Growth study.
Good content, but please let your guest finish answering the question you just asked before cutting him off rudely with another one. Hard to watch it happen over and over again.
Tom Keene being the worst offender, as usual. Can he not get some training on how to be a better interviewer? Not constantly interjecting his own personality into a situation where the guest should be the focus.
worse than Tom Bilyeu
Excellent point. He was a major annoyance, interrupting the guest
I'm DCAing in AMC60X as well. ETH heavier DCA and ALGO. I'm taking your advice and starting Google tomorrow with a 50 dollar purchase and continuing Microsoft and Apple. VTI and VOO on another app and longterm portfolio. Here we go family!
This interview is spot on
They have a slight dig at the end with the movie rights joke about how dystopian he is, but this guy is absolutely right on the money with his assessments
That would be an horror
hosts were less respectful than this guest deserved
He was one of the only ones warning about the 2008 great financial crisis and they mocked him at Davos. But they later saw he was right.
They were, indeed, disrespectful to someone providing perhaps vital information. They could have at least let him finish his ideas.
Wise words fr Roubini
Why India stocks are not falling.And why gold and silver price are not increasing
The power for creating a better future is contained in the present moment You create a good future by creating a good present.The key to financial freedom and great wealth is a person's ability to convert earned income into passive income to build generational wealth
Creating and in-vesting in Assets can make one successful in life like:
I.bit coin
2.Stocks
3.shares
please I have been hearing about this mrs Leo Abigail from my colleagues at work. How do I easily contact her
What s app ⤵️
+1639
I will forever be indebted to you you’ve changed my whole life I’ll continue to preach about your name for the world to hear you’ve saved me from a huge financial debt with just little investment thanks so much Mrs. Williams
Mrs Williams changed my life because of the huge profits I got from investing with her.
You invest with Mrs Williams too? wow that woman has been a blessing to me and my family.
I’m new at this, how can I reach your broker?
You can communicate with her on telegam, with the username below.
@Evefx1
Live small, save large and do no harm. The Megathreats Roubini writes about are real and they are all in plain sight. He nailed it again.
There's nowhere to hide.
this interview confirms my bais on Dollar index non stop sell off is coming . Great interview.
I love how there is a dystopian future and a less dystopian future in the book 😅
Ah Roubini is making the rounds! Right on time!
Book tour.
finally someone with insight, foresight and not blowing sunshine up our arses. i wish all GOP MAGA's would listen to this type of intelligence rather than blaming Dems.
+100
The entire common section is filled with bots and meme stock comments
What a nightmare this RUclips is becoming
Made a lot of money over the last 20 years by listening to NR.
Great interview!
How ? He’s also been wrong countless times.
He was the perfect contrarian indicator when I was backing up the truck in March 2009. Yes I was scared. I took out a 2nd mortgage to fund my extremely aggressive trading. I also used brokerage margin extensively so I was trading with twice borrowed money. I often doubled down by buying both shares and call options, and never used stop loss orders. It was terrifying, everyone sounded just like NR back then. I was a novice investor and all my friends and family thought that I had lost my mind, but OMG was it easy to find incredible value deals in both stocks and bonds in 2009. NR couldn't see the plain value, he only saw value traps everywhere. I didn't sleep well at night and was always nervous, but by 2011 I had completely paid off both my 1st and second mortgages using my incredible trading gains.
nobody meaningful has EVER went to jail for stealing from the middle and poor class. The amount of greed is rampant
Very intelligent man global Perspective
Roubini is reality. Shocking and revolting to most. Me thinks he has a solid grasp on the current situation.
Give me the man more time and let him speak
I know right! People just want to hear themselves speak.
While everyone is focused on BTC, ETH or any top alt coin and playing defensive they are missing on quality projects that are about to be launched on CEX. For example AMC60X will hit mainstream soon, 10x-20x quite possible even during this bear market but only few people know about this.
I invested in AMC60X and lost 99% of my money. I now have to eat dog food to survive. I got cancer in my throat just from talking about it.
Why India stocks are not falling.And why gold and silver price are not increasing
@@dragon.fromindia3235 not enough inflation (yet, give it time) to drive the general public to understand value of money. People just see 'high prices'
@@dragon.fromindia3235 Gold and silver paper markets are fake.
You are likely a scam artist. BITCOIN is a world changing COMPUTER TECHNOLOGY with BTC tokens created as part of the security model. More research and less BS. Roubini is pretty smart but still clueless about Bitcoin. Like Peter Schiff, he will one day eat his words and choke on them.
Outstanding. I am reading his book: magnificent.
David
brilliant interview!
Thanks
brilliant and scary! clearly the fed has to pivot, there is simply too much leverage in the economy and the fall out of prolonged high rates of interest can be catastrophic... but once this pivot happens, and if inflation remains high, then what? I honestly have no idea where to part my hard won savings!
This is serious . Very serious situation now.
The comments on this thread show the depth of cognitive dissonance people have with bad news they cannot control. Because of the long prosperity, preferences could always be realized with enough support, and sacrifice was never required. Denial and disconnect could win the day. Incidentally, it was that period, and the denial of reality that created the predicament we are facing. Climate change is overwhelmingly the most serious: It impacts everything negatively on an ongoing basis, the effects compound logarithmically, it is likely to become self-perpetuating, it risks significant abrupt global shifts, and it cannot be reversed on human time scales.
Yes. The people of highly developed nations must pay penance by living in micro house, pods or mud huts.
Climate change (which, as you said is self-perpetuating, or, as I like to call it, cyclical) is certainly not the most important serious threat. So you know why? Because the Earth's climate will change, and change, and change.... always. Yes, we should be more prepared and the general public should be made aware of the actual research and science on long, climactic cycles and the galactic influences on Earth's environment. These things should be discussed and preparation instructions should be given to everyone. Our government shows how they do not care by perpetuating fear and guilt about the consumerism thrust upon us, and not giving us enough information to prepare and make our own decisions. But... don't you think financial collapse is going to have a more immediate effect on people, thus making it the "most serious" issue? I mean, how many starving people would really care about a hurricane across the country or the desertification of Arizona? There is still time to educate and prepare, but does our gov do that for us? I've yet to see any information from the gov about how to live a self-sustainable lifestyle. They just NEED us to be dependent on them so they have control (i.e. our money becomes their money whenever they want it). I guess the good thing about a horrible financial collapse is that it would reduce the world's population - a boon for all those that are rooting for that path. So backwards. Best of luck to you.
There was not one issue Roubini raised that was not true or was over exaggerated… Prepare for heavy, difficult times ahead… Thanks for such a great interview
Great stream, as always. I appreciate the level-headed approach you take to the news and the markets. . A lot has changed and that's on everything but the truth is I don't even care much about bullish or bearish market anymore because FLOYd JOHNSON y got me cover as I am comfortably making $150,000 monthly.....
please, how do i get Floyd ?..
Building a good investment portfolio is more complex so I would recommend you seek Floyd Johnson support. This way you can get strategies designed to address your unique long/short-term goals and financial dreams....
My favourite TA lady. ALWAYS on the ball, honest and to the point....
I'm Just a novice that made 4.95 btc in my first attempt to trade all thanks to him, He’s Everything y'all Need Right Now...
Got a chance to to benefit from Johnson’ service a few weeks ago and it has been a very smooth experience....
Very uplifting. I’m going to go take a Valium and go back to bed....for the next three years.
Unfortunately, all what he is talking about is correct.
No, he pushed the BS global warming hoax
Then why is market up so much? 😂
@@kennyryan9967 Inflation caused by the government reaction to COVID. Plus Russia doesn't help. People are betting on high inflation or hyperinflation by staying in stocks. They will likely explode up if the US government does what the UK just did to support the GILD and pensions. Most the time in history governments cave to inflation. In short, our government, both sides, have screwed us. Buy gold, assets, and stocks with price protection. Although, no matter what people are about to lose a lot of money. The big question is how long it takes for the financial shell game to go up in flames. I'm guessing early next year.
@@kennyryan9967 it looks like that you missed the 20% drop.
@@kennyryan9967 I don't know which country you live in, every other country is struggling, and it is going to get worse. In Australia, we are paying through our eyeballs in real estate, construction, food, electricity, water and fuel. And wages haven't gone up.
at 14:00 is when he discusses strategies to avoid calamity 1) short term treasuries 2) TIPS 3) Gold/Precious Metals 4) Real Estate
What an optimist.
An action is earning money. Money management is a behaviour. Increasing wealth is learning. This is the principle.
With inflation running at a four-decade high, a recession is now the most likely outcome of the economy. How can i grow my portfolio to outpace inflation and maintain a successful long-term strategy. I have been reading of investors making about $250k in the current crashing market, i need ideas on how to achieve similar profits
The market is volatile at this time , hence i will suggest you get yourself a financial-advisor that can provide you with entry and exit points on the share/ETF you focus on.
Who is this individual guiding you!? I lost $9k just last week, so im dire need of a financial planner
Credits to expert Margaret, you can reach out to him if you want
How do i reach out to him?
Nouriel. Roubini. Is right.
He's not wrong. That's what concerning. I'm convinced he is right again.
Equity volatility is muted.. Directional long volatility bias is not working at. The way it is explained, volatility should have blown off the roofs. When will this situation come?
Crazy amount of Amazon bots here! Manipulation!!! 😂
There might be an economical turmoil but there is no doubt that this is still the best time to invest.
Best time to invest? thats funny though because in the last four months I have lost more than $47,900 in stock market which is the biggest I have loss since I ventured into stock investment.
you could be right or wrong . i once had similar problem but now its a different ball game for me because I was lucky to have met Karina Mattis , a financial manager and stock expert, I have made more than $165,000 in 6 weeks under her supervisions
Really? people are cashing in from the stock market and frankly speaking its comforting seeing someone admit to the fact that they actually seek help from professionals. please how can i reach Karina ?
Search her name on the internet to reach her
Thanks for the info . Found her website and it really impressive
Listening to Roubini is calming, suddently nuclear armagedon doesn’t seem so scary.
🍻
This is a total plug for the book. It is sensationalism and some of the issues are pretty real.
Effectively, you have people that get confused and conflate things and i suspect that is what sells well on TV and in the publishing world - it is obvious that a TV executive wants on conflict, no different to social media, that drives up ratings and interactive engagement.
The solutions are what is known as meaningful reforms or drastic change inside developed countries that amount to rebalancing internal disparities that are longstanding and unnecessary and solvable.
A very strong opposition exists to this notion on the basis that any rebalancing threatens power structures or people that basically do well from the current state of affairs.
You cannot have everything solved in some absurd notion of a seminal moment or year but you can provide clarity on a range of sensible and credible proposals that invoke real change to rebalance societal disparities.
The opportunity to own companies and allocate capital for huge numbers of people is a positive thing.
You also need to have a realistic look at how those whom don’t have any such holdings can obtain such holdings - which i think means an uptick in the incomes of people and the utility they can provide but business generally is at odds with the latter as the rapid increase of technology is effectively an alternative to skilling human beings to increase productivity.
Why on earth would a business invest into a laborious process of training human beings when technology is able to guarantee an increase in margins from productivity and efficiencies for a lower cost?
This leads to a sense of i think some sort of permanent dystopian mindset of people and the rise of the robots and a world of the privileged served by not human serfs but machines - which means humans of the lowest percentile are effectively surplus to requirements.
The automated driving thing will eventually wipe out vast numbers of jobs - you then get logistics and you get drones delivering stuff and this has to be a very real worry to large numbers of people.
In the short term - you could just have some sort of recurring income for humans and i think over time the rise of the robot will lead to some sort of reduction in the human population - logically that is plausible.
Also, some folks who are pretty wealthy are basically just cross that the market is down and business is not so great but they are not the demographic basically soon to be replaced in decades by technology - it will be those folks who coexist planet earth with some Avatar chick.
This guy seems pretty optimistic
Absolute Legend!
Wait until Janet Yellen prints money to rescue 23 Trillion bond market to "Create Liquidity". Printer goes BURRRRRRRRRRRR LOL
Excellent report
There is more downside coming because current economic conditions can not and will not sustain any meaningful long term bull run for the near future. It's not me being bearish for the sake of being bearish. It's looking at the overall picture and there's really nothing overly positive going on right now.
This the moment where the rich guy in the 1929 Depression said something like, "the depression is good because it will clean out all the rot."
Hes not wrong..you realize thats what downturns are..cleansing the excess and allowing the productive to prosper
@@bobbyward2440 and when people are standing in breadlines and soup kitchens during the great depression you can tell them they are helping the productive prosper!
@@bernardscheidle5679 i don't have to tell them sh yt
It's always fun listening to him
Like for N.Roubini
Why do people assume that fusion energy will be cheap. One thing that's clear, is that it will be technically very difficult to achieve, and probably very expensive because of that.
Solar is already cheaper than coal and natural gas and is growing exponentially.
@@LaBamba690 It depends where. It's not cheaper than coal if you live in Newcastle England, but is cheaper if you live in Arizona. Nuclear energy makes sense for those places that have neither good sunlight neither good wind nor any of the other renewable resources in sufficient quantities.
I would try to make thorium reactors more of a thing, but I have to be honest. I think most of our leaders are stupid or purposely trying to destroy the world.
Nouriel; always, 'value for money'.
First, you may want to set the Playback speed to .75 instead of normal (in RUclips)…
Then, I agree that a deep recession or depression is very probable! But when Nouriel pinpoints to climate change or to popular governments (elected by the people) as major problems, then I disagree… I agree with Nouriel about holding precious metals and some brick and mortar assets (real estate)…
So yes, recession is ahead of us and no, the solutions are not the ones proposed by Nouriel (in my opinion he mischaracterizes many problems, so his solutions are addressing the wrong issues)…
I argue that we are in stagflation. Unemployment is way to low to already call this stagflation.
I think you mean "I argue that we are NOT in stagflation..." amiright?
His glasses are frickin awesome.
The new work for the Fed's next step BlinkOut (not WimpOut)! BTW, the key par regarding how to protect yourself starts at 13:30 minutes.
We have been in a recession since Jan 2021. The reason it haven’t colapsed more is all the free money pumped in the system. The central banks have created a environment that can only grow with near zero rates.
We have been on a recession since the beginning of 2022, but big media and governments all over the world didn’t want to admit it. We need to be wise and use our brains. Knowledge is power and I’d like all the family to be powerful! Just purchased some AMC60X Thanks for keeping us informed during this times of doubt?
Not necessarily. More likely in stagflation. We need more Americans to be unemployed.
Why India stocks are not falling.And why gold and silver price are not increasing
US in recession since 2008, the US Fed printed money all these years only recently they stop because of inflation so the recession shows up. The money rpint in 2008 was $4 trillion now it is over $9trillion.
@@DegenerateStreet no,we need more of the population willing to work and produce something. It’s a good feeling if you feel you contributed and not just receive.
@@Cordycep1 thanks to OBAMA WHO BEGIN THE DESTRUCTION OF THIS NATION
wow! Informative. They sold his book together.
So my job is to keep an eye on gold, and make sure that it is staying strong when bonds and stocks continue with their downtrends.
I've been studying the financial actions of the US Federal Reserve (in collusion with the US Government) for 18 years now.
Yet, despite my familiarity with the topic, trying to understand the motives of their recent actions (everything post COVID) has been a vexing endeavor. Their recent journey has been filled with oddities, delusion of altruism and good will, and many other bizarre things.
However, today (literally today) I came to understand the Feds actual game-plan. It's a long and complex interwoven web of deceit and fraud, so I'll just skip to the conclusion:
In the VERY near future the Federal Reserve will be, IRREPAIRABLY, financially crushed from the massive losses they are taking on the 10 trillion dollars worth of securities they bought.
They will act as "Micky the Mope," or the hapless victim, "We were just trying to help America during the stressful time of COVID."
This will, then, lead to a bail-out 10x bigger (if not more) than the housing (fraud) crisis.
To give a simple analogy: A man without family finds-out he only has 6 months to live. So, what does he do? He spends 300,000$ on his credit cards. Essentially, he knows he won't have to pay it back, so why NOT use that money to have a good time, buy his friends a Rolex?
It is best to keep money in CD and treasuries till things clear
Why does Colonel Sanders keep interrupting at the good parts
I lookup at the night sky and wonder not: why is the Universe so big? I wonder why it appears so empty. And I fear Dr Roubini is too close to the answer.
cotd
what if inflation comes down by itself without having to raise interest rates? housing and rent prices have tanked recently...
Good interview😁
It’s the derivative trades on margin that creates the debt and illiquidity - interest rates need to go above 20% to reduce consumer spending but it’s the consumer spending that creates debt and if you don’t recover through taxes the system collapses. That’s why National US Lotto is in the billions - people are buying a ticket only to lose their real wealth. Buy and hold gold and silver and be as self sufficient as possible.
Mr. R...the Earth is getting dirty.
He knows much more than me about economy, but all his advices (starting 13:55) are money losing strategies in current enviroment!
Bravo! The can is going to get hard to KICK.
It's all relative. We go down together.
wish they would date these interviews....leaves you in limbo
Nouriel Roubini - Agenda Contributor | World Economic Forum...need more information ?
What is "environmentally resilient real estate"??
Let's talk now..🔝
Stagflation will be worse than people imagine. Wages and salaries grow exponentially in response to an increased cost of goods and services, no doubt this will be a driving political force for canditates in democracies as those who promise to address it directly will be popular. Yet a direct approach to this issue exacerbates economic stagnation - people will realise they can simply vote for higher pay. One of the oldest ecomomic laws comes into effect: cheap money drives out dear money.
2008 was a Catastrophe for those leveraged. For the average person, it took 13-14 years to recover , break even. It’s in the math. Luck set aside.
Apart from that things look quiet good really.
Trillions of dollars missing and these people play stupid
Fun fact: Nouriel Roubini likes to moonlight as a comedian at local comedy clubs.
His doomsaying must be a blast.
Listening to Roubini I might as well start digging a bunker.
Allow me to simplify:
2023 will be worse than 2008 because in 2008, the Fed was able to engineer a relatively quick recovery by lowering interest rates and keeping them there for the next 14 years. Now, the Fed cannot do that, because if it lowers interest rates, it will reignite inflation. Inflation was not a factor in 2008. It is now. In addition, governments are all much more indebted than they were in 2008, which means their ability to stimulate the economy through government spending is also constrained.
This is why this time, the Fed and the governments of the world have to let this downturn reach its logical conclusion rather than playing Superman rescuing Lois Lane as she falls from the top of a building. Businesses will fail, hundreds of millions will lose almost everything they have, and this will go on for years. It may even turn into the second Great Depression. Political instability will sweep across the world and I have no idea how that's going to turn out. No one does.
He said a global financial institution might go bust. Which is it?
I will be glad when TK is gone. He likes to talk about the latest book he has read and clearly wants to focus on himself.
Why Bloomberg has kept him around I don’t know.
What ever happened to Deutcha bank insolvency?
Nouriel Roubini may not have heard of climate change when he was young, but it was a topic hear in the US and the disinformation campaigns were already in high gear.
RUclips needs to do something about the comment spam.
there are many down and gloom economists out there... but truth be told, nobody knows what's going to happen for certain.... I remain optimistic we'll rise past this mess..
windfall profits tax will help minimize profiteering but not inflation from supply shocks.
companies profitability is at a half century high some 70 year high.
overall we're doing it to ourselves, hopefully they'll institute policies to work together and minimize issues that causes problems.
high debt ratio within a economy is usually a sign of low wages with easy access to debt and a combination of easy debt and buyers market spending power.
I can generally agree with most but I'll weight them differently ...less... for their effect...compared to other things. also not mentioned... namely unemployment... to me... is a great indicator.
the mentioned of zombie companies, in the US... by law... they'll be bailedout will go into receivership and sold off piece by piece.
further, the mix of geopolitics and it's dramatic effects I think it's overstated as it doesn't fully affect trade agreements in other nations. though you can't have aggressive nations going on conquest... so most generally actions do not completely hinder global trade outside of the region.
lastly, as long as people are willing to continue to work for a wage any economic upheaval will be temporary but the time overall time in recovery will be on lending standards, education funding, business loans and business start-up access. value fluctuates widely and wildly, but wages are always priming the pump... so a rise in unemployment or a drop in wages is one of the leg economic downturns stand on.