Roubini: ‘A Host of Mega-threats Imperil Our Future’

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The Street

By Dan Weil The economist says we face some of the worst problems of the past, plus new ones to boot. Wake up and smell the coffee, says Nouriel Roubini, the chief economist of Atlas Capital who predicted the financial crisis of 2007-09. “A host of interconnected mega-threats is imperiling our future,” he wrote in a commentary on Project Syndicate. “The stubbornly low inflation of the pre-pandemic period has given way to today’s excessively high inflation.” In addition, “secular stagnation — perpetually low growth owing to weak aggregate demand —has evolved into stagflation, as negative supply…

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