Nouriel is now using my “spend less, save more” phrase to summarize transitioning financial behaviour…just one of the key themes for a slow economic road and ‘delusional’ stock markets at present levels. There’s no question that his macro grasp is massive.
Nouriel Roubini, an economics professor at New York University’s Stern School of Business, says investors are incorrect to assume there will be a V-shaped economic recovery this yearHere is a direct video link.
Famed economist Nouriel Roubini, who predicted the 2008 financial crisis, is calling for a global depression in the middle of the decade: “there is also a risk of an L, what I call a greater depression, that’s my baseline for the rest of the decade, but not this year.” Here is a direct video link.
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