Economy

Economist Roubini Sees ‘Mom of All Debt Crises Stagflation’

Debt world wide is rising as governments, companies and people have spent and borrowed lavishly through the covid epidemic and because it has subsided.

Nouriel Roubini, chief economist of Atlas Capital Workforce, sees that debt is inflicting an enormous drawback.

He has earned the title of “Dr. Doom” and predicted the monetary disaster of 2007-09.

“The world financial system is heading in the direction of an unprecedented confluence of financial, monetary and debt crises, following the explosion of deficits, borrowing and leverage in current many years,” wrote Roubini at Challenge Syndicate.

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