Economist Roubini Sees ‘Mom of All Stagflationary Debt Crises’


Debt around the globe is rising as governments, companies and people went on a spending and borrowing spree through the covid pandemic and because it has eased.

Nouriel Roubini, chief economist of Atlas Capital Workforce, sees that debt inflicting big-time hassle. 

He has garnered the moniker “Dr. Gloom” and predicted the 2007-09 monetary disaster.

“The world financial system is lurching towards an unprecedented confluence of financial, monetary, and debt crises, following the explosion of deficits, borrowing, and leverage in current many years,” Roubini wrote on Venture Syndicate.

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