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"It's not clear that, unlike the United States, the [Swiss] federal system has enough resources to engineer a bailout," Roubini told Bloomberg TV.
Renowned economist Nouriel "Dr. Doom" Roubini warned the public that a "perfect storm" of recession, debt crisis and out-of-control inflation could hit the markets this year. [...]
A credit crunch caused by a spike in repayment costs could fuel "the mother of all economic crises," 'Dr Doom' economist Nouriel Roubini warned last week.
The economist known as "Dr Doom" warned that the Federal Reserve will struggle to avoid a "hard landing" economic scenario in its battle to tame inflation.
Stocks could nosedive and remain depressed for years if inflation remains high and interest rates don't come down, Roubini said.