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Leading Economist Says Predictions for a Mild Recession Are ‘Delusional’ as Severe Financial Crisis Looms

by End Times Headlines
July 26, 2022
in Economy
Leading economist says predictions for a mild recession are ‘delusional’ as severe financial crisis looms

Recession indicators are ringing and key commodities have plunged into a bear market, signaling a downturn may be on the horizon. And Nouriel Roubini dismissed hopes that an incoming recession will be shallow.

According to MSN , The famed economist, who called the 2008 financial crash, told Bloomberg that the economy is headed for a severe recession as well as a severe debt and financial crisis.

Roubini, also known as “Dr. Doom,” said debt ratios are historically high at 420% for advanced economies and climbing, while bailouts during the pandemic have resulted in “zombie corporations” that put the economy at risk.In […]

Read the rest of this story here: endtimeheadlines.org

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