RT.com – Oct 21, 2022
Global financial markets should brace for a period of decline that echoes the crashes of the 1970s and 2008, according to renowned economist and New York University professor Nouriel Roubini.
He told Bloomberg on Thursday that central banks will eventually give up on their monetary policy tightening before inflation is ever defeated. “It’s going to get ugly, the recession, and you’ll have a financial crisis,” Roubini warned.
He pointed to stocks that are down more than 20% this year, to strains in private equity, to a cooling in US real estate, and to a slumping credit market, where companies took advantage of years of low interest rates to pile on debt.
“Inflation is not going to fall fast enough because you have the negative supply shock,” he explained, adding: “Remember, when you have negative supply shock, you get a recession and high inflation. We’re not going to get a fall in inflation that’s rapid enough to go to 2%.”
According to Roubini, the result of all this will be a period that combines the worst of the 1970s and the Global Financial Crisis. “This is just the beginning of that pain. Wait until it’s real pain. And then you have a major financial institution that may crack globally, not in the US maybe now, but certainly internationally,” he said.
There are a couple of firms that are huge and systemic. They can go under. You might have another Lehman effect, then the Fed will have to wimp out. You’ll have a severe recession and you’ll have a financial market shock. They’re going to wimp out for sure,” the economist warned.
Roubini came to prominence for predicting the financial crisis of 2008-09 and was dubbed ‘Doctor Doom’ by Wall Street.
The British government cant feed its own people
food banks cannot cope
many brits face a harsh winter sleeping on the streets so why are government still people trafficking in unwanted migrants ?
https://www.youtube.com/watch?v=RxW1pGSyf14
Another Jew ‘Roubini’ with insider foreknowledge pretending he’s ‘predicting the future’ eh?? lol
Excellent. For only chaos (economic/societal meltdown/axis shift/asteroid hit etc) can create the conditions necessary for the overthrow of the anti-white Zionist-Communist-Christian State & eliminate the scum & race traitors. This will provide the opportunity for a white fascist paramilitary gang to materialize (like Azov) & establish a new order based upon the guidance & teachings of the Aryan Adepts from the A.A. (Army of Aiwass). And then, my disciples, the world is ours.
“stamp down the wretched & the weak” –The Book of the Law II:21
“on the low men trample” –The Book of the Law II:24
@ Nico XX
“stamp down the wretched & the weak” –The Book of the Law II:21
“on the low men trample” –The Book of the Law II:24
lsn’t that what the ‘chosen’ are doing?…
with Alice Bailey (who was fond of uncle AL and cribbed a lot of his ideas..which he of course stole from the ‘jews’ he buggered and Deuteronomy) and her so called ahem Luciferian inspired UN mandates.. (silly little girl)..
Perhaps you have misunderstood the teachings…. or perhaps you aren’t rich enough…. because you see..
the Beast(s) is already here..(BEASTS a trampling)..he always was….perhaps that’s AlWAZ..
hehe…
@ GEORGE COOK
its not your government + for you . its
an usurpating enemy infiltrating their
kollaborators + army in desguise !
and your stupid masonry police + military
looking on . they are all bought corruptos !
If you want to watch the unfolding of the downwave, free, here:
https://danericselliottwaves.org/
And yes, many stocks have already collapsed, especially the high flying tech sector:
https://wolfstreet.com/2022/10/20/snap-makes-mess-afterhours-splatters-again-on-meta-pinterest-alphabet-online-advertising-in-the-holiday-quarter-oh-deary/
SNAP dropped 28% on friday. Tesla is 50% off it’s high. Stocks are crashing right now, but the averages have yet to catch up. What are stocks worth in a nuclear war, or your house?
From Wackypedo:..
“Nouriel Roubini is a Turkish-born Iranian-American economist.”
“From 1962 to 1983 he resided in Italy, especially in Milan, where he attended the local ””Jewish school”””(and no doubt picked up his new ltalianate ‘name’)…
So not so Turkish-born Iranian-American ..eh..
and then…
” He received his Ph.D. in international economics from Harvard University in 1988, where his adviser was ”””’Jeffrey Sachs”””’.” (this is the CiA Sachs who Unz is now pushing as some sort of ‘Covid’ ‘Evangelist’ good guy and who just also happened to be the architect of the rape of Russia in the nineties under Yeltsin for his co-religionists)…
safe to assume this miscreant works for the men on the ‘inside’… not so much ‘forecasts’ as revelation of the same old same old method..
Israel will ‘safe the day’ with food rationing apps, oil, gas, you name it. Israel, a light onto the nations.
To GEORGE COOK
Everything that happens to brits happens because brits are too stupid to realise there is a problem, and if they see it are too feeble to speak up.
T’was ever thus.
Prepare yourselves [that is IF THERE IS A WAY TO HIDE YOUR WEALTH] for the greatest heist in Jewish history ; the complete theft of all the holdings of every single American. When Schwab said that you will own nothing, he meant it. As I type, the Zio-Khazarians are preparing for the complete collapse of the corporate banking system. When this happens and banks everywhere go under, every penny you had saved in them will suddenly disappear and you will have NO recourse from the greatest heist in history. You need to ask yourself that, at this point, will you finally get up off your lazy asses and do something ? Because by not doing anything RIGHT NOW, you are inviting this disaster upon yourselves, and when it happens, only YOU will be guilty of allowing its success. So you wake up one fine morning to get the news that the $400,000 you had saved in your BOA account no longer exists and you will never get it back. Will you have had enough of the Jews at this point ? Will you act or will you sit back and go “Oh well.” I can’t wait to find out. We deserve this, all of us. Despite our second amendment, we absolutely refuse to fight these Bolshevik Zio-Khazarian Marxist thieves, when the truth is, they are easy to defeat because they’re all cowards themselves, but you’ll never know that because they control the narrative and act like they are the Kings of the World. Lemme tell ya something ; they ain’t the Kings of Dogshit. Gather yourselves. Stop jerking off. Get your mettle back. Prepare to vanquish these goons !! Make America country #110 !!