Economist Roubini Sees ‘Mother of All Stagflationary Debt Crises’

Debt is rising around the world as governments, businesses and individuals go on a spending and borrowing spree during the COVID pandemic and as it eases.

Nouriel Roubini, chief economist on the Atlas Capital team, observes that debt is causing major trouble.

He adopted the moniker “Dr.” Gloom” and predicted the financial crisis of 2007-09.

“After the explosion of deficits, borrowings and leverage in recent decades, the world economy is heading towards an unprecedented confluence of economic, financial and debt crises,” Roubini wrote on Project Syndicate,

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