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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."