Page 3 - Dr Doom News Today

Economist Nouriel Roubini, who's been dubbed "Dr. Doom" for his gloomy-yet-correct prediction of the 2008 market meltdown, told Bloomberg in a recent interview that the United States is back in Great Financial Crisis territory, except now there are even more problems and cause for worry.

Roubini expects central banks to "wimp out" from fighting inflation, which could fuel a major financial crisis.

The economist fears that ballooning debts will prevent central banks and governments from helping if markets crash and the global economy tanks.

Roubini declared that manure is more precious than some of the most ridiculous coins, as he believes they're worth less than nothing.

The World Bank study further points out that the world’s three largest economies — the United States, China, and the euro area — have been slowing sharply. Under the...

He had warned that the housing bubble would burst, years before the fall of the mortgage market brought down the global economy, but stakeholders failed to take notes.

Even a failed inflation fight could result in the economy shrinking, unemployment spiking, and asset prices crashing, Roubini said.

Central banks may find themselves in a "debt-trap" as they try to normalize monetary policies, the "Dr. Doom" economist said.

"There is no real riddle to solve," the economist who predicted the 2008 crisis said. "Things will get much worse before they get better."