We have been talking and writing about the macro forces driving the present downturn for a long time. The fix needed is far larger than finding a new trade deal between America and China. Roubini articulates many of the key issues in the clip below. Sticking heads in the sand and hoping for indefinite debt-fuelled expansion cycles is not a prudent financial strategy.
Nouriel Roubini, chief executive officer at Roubini Macro Associates, discusses the global economy, geopolitical risk, the U.S.-China trade negotiations, the possibility of a global recession, how he thinks we can avoid it, China’s economy and global debt. Here is a direct video link.
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