Megathreats - Nouriel Roubini
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The bestselling author of Crisis Economics argues that we are
heading toward the worst economic catastrophe of our lifetimes,
unless we can defend against ten terrifying threats. Renowned
economist Nouriel Roubini was nicknamed "Dr. Doom," until his
prediction of the 2008 housing crisis and Great Recession came true
- when it was too late. Now he is back with a much scarier
prediction, one that we ignore at our peril. There are no fewer
than ten overlapping, interconnected threats that are so serious,
he calls them Megathreats. From the worst debt crisis the world has
ever seen, to governments pumping out too much money, to borders
that are blocked to workers and to many shipments of goods, to the
rise of a new superpower competition between China and the U.S., to
climate change that strikes directly at our most populated cities,
we are facing not one, not two, but ten causes of disaster. There
is a slight chance we can avoid them, if we come to our senses -
but we must act now. In the 1970s, the U.S. faced stagflation: high
rates of inflation combined with stagnant employment and growth.
Today, we are heading toward a Great Stagflation that will make the
1970s look like a walk in the park.
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Roubini Nouriel
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Roubini Nouriel
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John Murray Press
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John Murray Press
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