“Roubini, who is often nicknamed Dr. Doom for his frequent pessimistic predictions, also saw doom and gloom for Trump’s future as president as a result of any economic strife. “
Stock markets are headed for a 40 percent plunge, says economist who predicted financialcrisis
Leave a replyAmy Sussman/Getty Images for Tribeca Film Festival
The end of a very rough week for U.S. markets brought a worrying prediction.
While one expert warned fallout from the global coronavirus outbreak could be “worse than the financial crisis” of 2008, the economist who correctly predicted that very crisis is now saying the idea of a major global recession “doesn’t sound too farfetched.”
Nouriel Roubini, a New York University business professor and market prognosticator who foretold the housing bubble burst, toldYahoo Financeon Friday to expect “severe” consequences as the coronavirus continues to rattle markets. How severe? He toldDer Spiegelit could be worse than investors even believe at this point, predicting “global equities to tank by 30 to 40 percent this year.”
He said people “prefer to believe in…
View original post 160 more words
The Most Revolutionary Act 
Dr Stuart, I love the way this came out! Great job!!!
LikeLike