The Slow-Motion Train Wreck (w/ Nouriel Roubini)

Famed economist Dr. Nouriel Roubini unpacks the "Slow Motion Train Wreck" he sees barreling toward the global economy and compares the events we see unfolding now to the Global Financial Crisis of 2007-08 and the Great Depression of the 1930s. Roubini joins Real Vision's Ash Bennington to discuss the underlying dynamics of the crisis. In this episode, Roubini and Bennington discuss rising credit spreads, negative economic growth, a skyrocketing unemployment rate, and an overall environment that Roubini describes as "like an asteroid literally hitting planet earth and stopping economic activity everywhere."

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The Slow-Motion Train Wreck (w/ Nouriel Roubini)

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[wesleyt]

Anyone who helps expose the vast criminality in the crypto space has my utmost respect. Thank you, Nouriel!

[loloppololp]

"I don't know what they are smoking" 🤣 i like this guy.

[Vision-yoqx]

Prof. Roubini is so sensible, but unfortunately the mainstream media seem to want mostly guests who feel bullish!

Wait till the true figures come out. This is the equivalent of the great depression plus 1918 pandemic.


200 million will die of the disease and millions more from the evaporation of the planetary economy. Possibly a billion deaths from hunger!

[NoreenHoltzen]

His statement "I don't know what they were smoking" I enjoyed, and it was in response to Wall Street thinking the market would finish the year higher than at 1 April when this video was recorded. On the other hand, S&P500 on April 1, 2022: 2, 400. At the end of 2020: 3, 756. Today (21 Sept 2022): 3, 833. At the end of the year it was 53% higher. Maybe they were smoking something, but they got it right.

[chummaker]

Have you guys gotten your $1200 yet? Well 43000 US millionares are getting an average of 1.6 million dollars stimulus check!!!! How about it around.

[cwc]

Stock market, “The worst is over, situation can only get better from now! Hurray!”
Economy, “But this is an unprecedented global shutdown! We have historical record breaking unemployment benefits claims, and probably tsunami of bankruptcy coming all over the world!”
Stock market, “But we are not economy, you silly!”
Economy, “You can’t possibly decouple from me, the earnings of the companies that you are make up of ultimately will reflect my actual conditions, and I will probably be sick for a very long time!”
Stock market, “But I have a sugar daddy releasing unlimited amount of liquidity protecting all bubbles from bursting, he even buys junk bonds! There is no more risk!”
Economy, “Perhaps we all have to get used to 100xPE from now in this reckless crazy world.” *sigh*

[bigbr]

It's an old interview. What a difference 2 weeks makes.

[unclejjer]

You cannot compare China which has the power to lock people in their homes, cremate people still alive and can shut down their country like a prison cellblock. Second, China's epidemic was mainly in Wuhan. The entire region was quarantined. In the United States, the disease was seeded over vast geographic areas, and specifically into the most densely packed demographics. That is the reason for the contagion. Geography and demographics are the factors that drive this, not a failed government policy.

[BrodyMulligan]

I value Dr. Roubini's economic advice, and I think we need to follow his prescription on universal basic income. He needs to understand, however, that this is not China. We try to value Human Rights and the Rule of Law in the United States. We are not perfect, but we try.

[darrenprior]

I think I've been hearing about debt bubbles, equity overvaluations, bond wreckages and gold going to the moon since I purchased my first stock in 1994. And yet somehow the market ALWAYS manages to make a fool of insistent permabears and their armageddon theories. I'm so glad I ignored this claptrap since that time

[j.obrien]

I've been following Roubini since 2009, considering who calls him doctor doom, he should take it as a complement.

[davidgibson]

Nothing like a finance guy giving health advice! Don’t waste your time!

[georgnorm]

Nouriel Roubini thank you so much for your inside, s

[mattg]

And here we are with s&p near 2900.
Makes no sense, but if we go to all the way up I won't be surprised, stock market has a life of its own

[kathrynrasmussen]

Sir, thank you for your sober assessment of the current reality.

[bachblues]

Dr. Roubini says many truths and uncomfortable ones. But I'd humbly suggest that he should add a section as to what a solution might look like. Otgerwise too much of a negative asessment might backfire. People want him to also shed some light in the form of constructive solutions not just highliting the dark .

[SandyJohnson-urxi]

Why not have him on now rather that this video ?

[petarz]

Given the choice of holding equities or holding cash, I choose equities because it's obvious central banks everywhere are trying to devalue their currencies in hopes of managing their uncontrollable debt. 🤷‍♂️