Dr Doom’s forecast of an economic depression cannot be ignored
Nouriel Roubini, who predicted the US housing market crisis, expects a rebound after the pandemic to quickly collapse
31 May 2020 - 22:41
In September 2006 economics professor Nouriel Roubini warned an incredulous audience of fellow economists at the IMF that the US housing market was at risk of collapsing — an event that could ruin the global financial system.
This was at a time when the global economy had recorded its fastest patch of growth in 30 years and, in the space of a decade, US house prices had doubled, making for the sturdiest gain in house prices in the post-war era...
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