Decades-high persistent inflation combined with increasing risks of an economic recession and an imminent insolvency crisis in the banking sector have resulted in a “trilemma” facing central banks, including the U.S. Federal Reserve, warns top economist Nouriel Roubini. “Unable to fight inflation and provide liquidity support simultaneously, the only solution is a severe recession—and thus…

America, Europe, and other advanced economies will likely have a recession this year amid soaring inflation, according to renowned economist Nouriel Roubini. Roubini issued the warning during an interview with Australia’s ABC on Mar. 2, noting that the latest economic data coming from the United States, Europe, and other advanced economies show that inflation now is quite…

Economist Nouriel Roubini has warned about an impending economic crisis in the global economy that policymakers will likely not be able to handle. Following the explosion of leverage, borrowing, and deficits in recent decades, the world economy is now moving towards an “unprecedented confluence” of financial, debt, and economic crises, Roubini warned in a Dec….

The U.S. and global economies might be embarking upon a new era of “Great Stagflation Instability,” according to the economist Nouriel Roubini. Roubini, a professor of economics at New York University’s Stern School of Business, wrote an opinion piece for TIME magazine, in which he warned that the inflationary pressures that have popped up worldwide…

The U.S. and global economies might be embarking upon a new era of “Great Stagflation Instability,” according to famed economist Nouriel Roubini, nicknamed “Dr. Doom” for correctly predicting the 2008 financial crisis. Roubini, a professor of economics at New York University’s Stern School of Business, wrote an opinion piece for Time magazine, in which he…

The U.S. and global economies might be embarking upon a new era of “Great Stagflation Instability,” according to famed economist Nouriel Roubini, nicknamed “Dr. Doom” for correctly predicting the 2008 financial crisis. Roubini, a professor of economics at New York University’s Stern School of Business, wrote an opinion piece for Time magazine, in which he…

HSBC, one of the banks in Hong Kong that issues banknotes, raised the Hong Kong Dollars (HKD) prime rate by 0.125 percent on Sept. 23. The raise came after the Federal Reserve (Fed) announced a 0.75 percent rate increase in the federal funds at midnight on Sept. 22. The rate hike signifies Hong Kong has…

Economist Nouriel Roubini has warned that advanced economies and emerging markets are facing a “growing stagflationary storm” following a string of aggregate supply shocks and rising costs. Stagflation is a period marked by both rising inflation and increasing unemployment, something the United States has not experienced since 1980. Writing in The Guardian, Roubini, a professor of economics and international business…

Economist Nouriel Roubini, known for his gloomy-yet-accurate prediction of the 2008 financial crash, warned in a recent op-ed that the global supply chain crisis combined with high debt ratios and ultra-loose monetary and fiscal policies threaten to turn the “mild stagflation” of recent months into a stagflationary crisis. Roubini argued in the Sept. 21 op-ed “Goldilocks…