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Bloomberg News: Nouriel Roubini Foresees an 'Ugly' Mix of the 1970s and the Global Financial Crisis

October 20, 2022
Market Crash Recession

Article by Joe Weisenthal and Tracy Alloway in Bloomberg News

Investors hoping the Federal Reserve will reverse some of the biggest interest rate hikes in decades call it a ‘pivot.’ Economist Nouriel Roubini calls it ‘wimping out.’

In an interview with the Odd Lots podcast, the CEO of Roubini Macro Associates and author of the new book “MegaThreats: Ten Dangerous Trends That Imperil Our Future, And How to Survive Them,” says the market and economic pain caused by rate increases will be too much to bear for central banks. They’ll eventually give up on their monetary policy tightening before inflation is ever defeated.

To read this article in Bloomberg News in its entirety, click here.

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