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Nouriel Roubini says 'overly loose monetary' may trigger stagflation Moneycontrol 2 hours ago © Nishant Kumar Nouriel Roubini says 'overly loose monetary' may trigger stagflation Nouriel Roubini, an economist known as "Dr Doom" for his pessimistic market views, said that excessive fiscal stimulus by central banks around the world could lead to stagflation, a situation where there is high inflation alongside a recession. According to Roubini, unlike the 2008 global financial crisis when the collapse of an asset bubble created a credit crunch, the problem today is that we are recoverin...

The Kansas Legislature is in recess until the “veto session” starts May 3. Since others have covered what has happened this year, I want to discus a few issues in a slightly different manner. The idea that things are not always as they seem should be quite familiar. We might buy a car because of the way it looks, the mileage, options or even the color. Most of the time, the salesman has his own best interest in mind, the sale. We see this in homes and all sorts of tools, equipment and services. Salesmen use fear of loss to their advantage. Buyers’ remorse is a very real thing.

But over the next few years, loose monetary and fiscal policies could trigger persistent inflationary pressure, says Nouriel Roubini.

We have a populism problem in America… One big, honking populist has just been shooed out of the White House. And his replacement — while more of an old political hack and Washington establishmentarian than a populist per se — is coming in trailing strong fumes of populism from his own political party. Populism isn’t a Right‐​wing or Left‐​wing ideology. Populism isn’t an ideology at all…It’s about feelings, not ideas. Populism isn’t conservative or liberal, Republican or Democratic. But it  is both MAGA and BLM, both QAnon and Antifa — AOC in a Boogaloo Boys ...

Why stagflation is a growing threat to the global economy There is a growing debate about whether the inflation that will arise over the next few months will be temporary, reflecting the sharp bounce-back from the Covid-19 recession, or persistent, reflecting demand-pull and cost-push factors. Several arguments point to a persistent secular increase in inflation, which has remained below most central banks’ annual 2% target for more than a decade. The first holds that the US has enacted excessive fiscal stimulus for an economy that already appears to be recovering faster than expected. The ...