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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...