Nouriel Roubini says it’s ‘mission impossible’ to avoid a hard landing, and we’ll get the worst of the 1970s and 2000s combined
https://www.msn.com/en-us/money/markets/nouriel-roubini-says-it-s-mission-impossible-to-avoid-a-hard-landing-and-we-ll-get-the-worst-of-the-1970s-and-2000s-combined/ar-AA13T83V

> Fed Chairman Jerome Powell still says it’s possible to cool the economy and keep employment stable—all without causing a severe downturn, in what would be a “soft landing.”

> But if history is any indication, a recession and an economic “hard landing” are all but guaranteed, says Nouriel Roubini, professor emeritus at New York University’s Stern School of Business and the CEO of Roubini Macro Associates. He earned the nickname “Dr. Doom” for his prophetic visions of looming economic downturns, including an accurate prediction of the 2008 housing crash and subsequent market crisis.

> With the U.S. annual inflation rate as high as it is—8.2% in October—only a deep recession and a steep spike in unemployment might be enough to fix it, Roubini warned in a recent interview with Fortune.

#economy #nourielroubini #recession #inflation #history #1920s