Markets Insider: Economist Nouriel Roubini Warns an Epic Market Crash is Likely - and He Fears a Toxic Combo of Inflation, Unemployment, and Recession
Article by Theron Mohamed in Markets Insider
Nouriel Roubini warned investors to prepare for a historic market crash and suggested the US economy could tumble into a quagmire of shrinking output, surging inflation, and soaring unemployment.
The economics professor at NYU Stern shared his grim outlook during a recent eToro webinar. He argued the Federal Reserve might have to double interest rates to 5% in order to curb inflation, but hiking to that level could choke economic growth and cause a spike in joblessness.
Moreover, raising rates could spark a debt crisis, Roubini said. American consumers, companies, and .......
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