Home » Economist who predicted last financial crisis warns of coming 'Greater Depression' financial crisis

Economist who predicted last financial crisis warns of coming 'Greater Depression' financial crisis



Nouriel Roubini, NYU professor and former White House senior economist under U.S. President Clinton, joins BNN Bloomberg to discuss why he predicts a depression will hit the global economy in the middle of the decade.

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Economist who predicted last financial crisis warns of coming 'Greater Depression'

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Economist who predicted last financial crisis warns of coming 'Greater Depression'
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34 thoughts on “Economist who predicted last financial crisis warns of coming 'Greater Depression' financial crisis”

  1. How can we generate (intellectual energy in light of the disruption of meditation stations and serious intellectual participation?)

    How then will definitive, non-temporary solutions be reached, unless people are deeply familiar with the literary, cultural, historical, educational and indicative streams?
    Undergraduates will not be able to find sustainable solutions unless they are definitely familiar with all the previous literature
    if?!!!
    When the cultural mission is evaded, employees in all global organizations should not demand participation in economic seminars or endeavors to seek sources of solutions.
    Because employees may be confined to the export sector, for example, or real estate, or even trade, but their opinions are not based on their suggestions because they are not trustworthy because there are no books for them or cultural participations mentioned under the roof of any local, regional or international forum.
    If we turn towards a reassessment of the truth, we will arrive at the only way:
    Are you going to take a sailor who is an expert in sea affairs and has been working for years in travel, fishing and ports?
    Or will you take a marine biologist with you?
    So you do not need a university degree when traveling at sea, but you need experience exclusively.
    This is not a call to exclude participants who are unable to bring about a new philosophy in the world of modernity and in the current economic crisis"
    But you should not bring an agricultural engineer and ask him to work in the pharmaceutical sector, for example
    And you shouldn't ask an economist
    How to treat irritable bowel diseases, for example
    Each according to the specialty
    Only then will the steps of trade return to the path of financial recovery.
    No thinker will offer any solution for free
    Unless they sit together to find real outlets
    The world of the web
    Not safe for all writers, thinkers and intellectuals
    That is an established fact.

    ALI SUROOR

  2. My hearing deficits make it difficult for me to understand about 20% of what he said because of the poor sound quality on his end; not enough gain, too much noise gate, etc. But what I could understand sounds like he he has a sound, cogent thesis. All that remains is the evidence for his theory. Oh, and we are assuming that there are no Black Swan exogenous events which might derail his prediction.

  3. The big question really is, will the economic depression that’s coming be saved by the current financial system or will it be destroyed by the crash and we see a new paradigm unfold. Honestly I’m not so sure that this current system can go any further… almost every country has crossed the dreaded threshold of 60%debt/GDP or worse! I don’t think we can all do what Japans done the last forty years either because the only reason Japan has been able to extend their debts to astronomical proportions is because of the other wealthier nations willing to buy their debt. If those wealthy countries are now broke who bails them out? It really looks like this is the end… it’s just a matter of time… I’m thinking some time in 2022 we see the next crisis start and probably lasts 2-5 years after that..

  4. 12 years of being wrong. Bring out the scary monster when news is slow. Every year is same prediction. Wrong again. Puts this fool to pasture.

  5. If you "lock down" the global economy how can you NOT expect an upcoming recession/depression. This was not because of the pandemic, per se, but World Goverment'solution to it and social/mainstream media's help in pushing it. Texas' recent approach is encouraging.

  6. Cryptocurrency will cause the next economic great depression because it causes the velocity of money to become zero as well as it stagnates monetary policy from federal reserve bank to navigate the economy

  7. I don’t believe this guy.
    We have Joe Biden the great job builder. Joe’s first day in office he canceled the Keystone pipe line that laid off 11,000 people.
    Joe Biden will build more laid off people asap.
    Joe Biden couldn’t run a lemonade stand. Joe doesn’t even know what day it is.

  8. The 13 British colonies lost the tea party revolution of 1776 if Every President except Van Buren and Trump has been related to the same British King

  9. The Great Reset is the name of the June 2020 50th annual meeting of the World Economic Forum (WEF) bringing together high profile business and political leaders convened by the Prince of Wales and the WEF with the theme of rebuilding society and the economy in a more sustainable way following the COVID-19 pandemic….. In other words NWO.

  10. The Great Reset is the name of the June 2020 50th annual meeting of the World Economic Forum (WEF) bringing together high profile business and political leaders convened by the Prince of Wales and the WEF with the theme of rebuilding society and the economy in a more sustainable way following the COVID-19 pandemic….. In other words NWO.

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